Policy that backs open systems is policy that backs innovation;
decentralization must be incentivized, not punished.

Proud to see @DRC_AI and 50+ stakeholders support the CLARITY Act's control-based test, a step toward clear, effective crypto market structure in the US.

The industry has made it clear: effective blockchain policy must incentivize decentralization.

DRC and 50 other leading stakeholders in the crypto industry just delivered a joint letter to @SpeakerJohnson, @RepJeffries, @LeaderJohnThune, and @SenSchumer in support of the CLARITY Act’s robust, control-based decentralization test for digital assets. This is the largest coalition of organizations in agreement on a particular test for decentralization.

The CLARITY Act establishes a much-needed standard for evaluating when a digital asset has met a threshold to justify its transition from security to commodity — an essential step for effective market structure legislation.

We look forward to engaging further to ensure that blockchain legislation supports decentralization, responsible innovation, and consumer protection to further establish U.S. leadership in blockchain technology.

Want to add your voice? DM us to join the coalition in support of decentralization.

Thank you to our co-signers: @1kxnetwork, @AleoHQ, @alongsidefi, @a16z, @aragon_fdn, @aztecnetwork, @blockchaincap, Bright Point Law, Brookwood PC, @buidlbox, @ProgressChamber, @Consensys, Cowrie, @crypto_council, @daylightenergy_, @Delphi_Ventures, @DLxLawPLLC, @dragonfly_xyz, @ElectricCapital, @EspressoSys, @Etherealize_io, @farcaster_xyz, @gensynai, @HallidayHQ, @HaunVentures, @injective, @interchain_io, @axelar, @LayerZero_Core, @LeXpunK_Army, @LidoFinance, @the_matter_labs, @merit_systems, @MetaLeX_Labs, @Mysten_Labs, @NEARFoundation, @OPLabsPBC, @Optimism, @proximityfi, @apublicstate, @Sei_FND, @Sei_Labs, @SkyMavisHQ, @storyprotocol, @syndicateio, @tallyxyz, @graphprotocol, @deptvc, Varia Law, and @xmtp_