Over 200 crypto firms urge Senate vote on the Clarity Act, which could boost SOL by clarifying regulatory frameworks for digital assets.
More than 200 cryptocurrency firms have urged Senate leaders to advance the Digital Asset Market Clarity Act, which passed the House last July but remains stalled. The bill aims to establish a federal regulatory framework, define SEC and CFTC roles, and streamline registration for digital assets.
Solana (SOL) stands to benefit significantly if the Act passes, given its position as the second-largest developer-oriented blockchain after Ethereum (ETH). The network processed over 11,500 developers last year and handles nearly a third of all stablecoin transfers, supported by partnerships with Circle, Visa, and PayPal.
The Act’s passage could remove regulatory uncertainty, potentially driving SOL’s price higher amid broader market adoption.