Blockchain Association Advocates for Clarity Act as Consumer Protection Legislation
The Blockchain Association stated that the Clarity Act (Digital Asset Market Clarity Act) is fundamentally a consumer protection bill that will establish clear federal rules for digital assets.
The bill sets registration, supervision, and asset segregation requirements for exchanges, brokers, and custodians, and strengthens anti-fraud, disclosure, and financial education measures.
The Association urges the Senate to expedite the bill to fill the regulatory gaps exposed by the FTX collapse.
Source: Public Information
ABAB AI Insight
The Blockchain Association has previously lobbied for market structure legislation. Following the FTX collapse in 2022, consumer asset losses were significant. The push for the Clarity Act continues the industry's long-standing demand for clear regulation, similar to discussions on CFTC/SEC jurisdiction.
The bill aims to mobilize regulatory resources to protect consumer assets through custody rules, disclosure requirements, and a retail advocacy office, with the motivation to rebuild trust and attract mainstream capital while creating a fair competitive environment for compliant platforms.
Similar to the EU's MiCA or Singapore's Payment Services Act, the U.S. is currently transitioning from fragmented enforcement to a unified federal framework, with industry associations becoming key drivers.
This represents a fundamental regulatory change: the Clarity Act restructures the legal status of digital assets, embedding consumer protection into market structure, shifting from post-fact punishment to preemptive rules, reducing systemic risk, and promoting the long-term healthy development of the industry.
ABAB News · Law of Cognition
After the FTX lesson, clear rules are the true protection.
Consumer trust is easily lost and hard to rebuild; the regulatory framework is the cornerstone of trust.
Compliant platforms will prevail, marking the end of the era of unchecked growth.