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David Sacks: CLARITY Act Review is a Key Step for the U.S. to Become the 'Global Crypto Capital'

On May 14, David Sacks posted on the X platform, stating that the review of the Digital Asset Market Clarity Act (CLARITY Act) scheduled for tomorrow is an important step in promoting the United States as the 'global crypto capital' and maintaining its leadership in innovation. David Sacks expressed gratitude to Senator Tim Scott, the chairman of the Senate Banking Committee, and the relevant committees for their efforts in advancing and compromising on the bill, as well as to Patrick Witt, the White House crypto affairs director, and the support from the crypto industry. He noted that currently, about 50 million people in the U.S. hold or use cryptocurrencies, and this bill will help ensure the continued innovation and development of the U.S. crypto ecosystem in the coming years.

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