Grayscale backs passage of the Clarity Act

The investment platform said the bill is critical to keeping asset-management innovation in U.S. capital markets, underscoring industry pressure for clearer crypto rules.

Summary

Grayscale said it officially supports passage of the Clarity Act, framing the legislation as important for ensuring that innovation in asset management takes place in U.S. capital markets. In a statement shared publicly, the investment platform said, "For Grayscale, the Clarity Act is critical in ensuring that innovation in asset management will happen in U.S. capital markets." The endorsement adds to ongoing calls from crypto firms for clearer rules governing digital assets and related financial products in the United States.

Terms & Concepts
  • Clarity Act: Proposed legislation aimed at clarifying digital-asset rules.
  • asset management: Business of managing investments on behalf of clients.
  • capital markets: Markets where securities are issued and traded.