Block Inc., Jack Dorsey’s FinTech company, along with the Solana Policy Institute, sent letters to Senate Majority Leader John Thune and Minority Leader Chuck Schumer urging a vote on the CLARITY Act before the August recess. This bipartisan bill would create a federal regulatory framework for digital assets, replacing the current patchwork of state regulations, establishing national consumer protections, and defining when a digital asset is regulated as a security or commodity. The Solana Policy Institute highlights that the United States led global blockchain developer growth in 2024, with an 84% year-over-year increase in developers on the Solana ecosystem, arguing for legal certainty adapted to decentralized networks.
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