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- Charles Hoskinson said the CLARITY Act roundtable made meaningful progress toward bipartisan crypto legislation in 2025.
- Ripple, a16z, Coinbase, Kraken and Circle joined policy talks that aim to refine the draft and consolidate reforms such as the Anti-CBDC measure.
Top US crypto market participants and policymakers gathered in Washington to advance the CLARITY Act, a proposed framework to bring greater certainty to digital asset oversight. Charles Hoskinson said Cardano was fully represented and that the meeting produced tangible progress on legislative text.
Industry and lawmaker collaboration intensifies
Hoskinson highlighted constructive input from Ripple and venture firm Andreessen Horowitz during the session. He said work remains, yet the discussion indicated that a coherent set of rules could be completed this year. The remarks reflect a broader effort by Congress to channel feedback from exchanges, infrastructure providers and blockchain foundations into a single draft.
Coinbase, Kraken and Circle were among the companies that joined the roundtable to refine the CLARITY Act’s language. Their participation underscores how core market venues and stablecoin issuers are seeking predictable definitions for token classifications, custody responsibilities and market conduct. The process has shifted from high-level hearings to line-by-line negotiation of statutory wording.
The gathering follows years of debate over how to define investment contracts, delineate agency jurisdictions and codify disclosures without constraining software development. Industry representatives view precise definitions as essential for listings, staking services and cross-border liquidity, while lawmakers are pressing for clear consumer safeguards and supervisory accountability.
Next steps for the CLARITY Act
Recent steps in the House point to a consolidation of crypto policy initiatives into the CLARITY Act vehicle. Lawmakers reattached the Anti-CBDC bill to the package, signalling that digital asset reforms and central bank digital currency guardrails may advance together. That linkage is shaping negotiations over privacy standards, permissionless access and the bounds of public sector issuance.
Participants at the roundtable focused on pragmatic items such as transition periods, safe harbours and reporting thresholds that can be implemented by exchanges and protocols. Legal teams are working to harmonize federal definitions with existing state regimes to reduce duplicative compliance. Timelines discussed at the meeting suggest that bipartisan text could be ready for further mark-ups if committee staff achieve alignment on custody, disclosures and stablecoin treatment.
Hoskinson’s update indicates that the drafting group will continue meeting to close technical gaps and produce language that both agencies and market operators can apply. The presence of major exchanges and venture stakeholders signals that the next iteration of the bill will likely include operational detail for listings, attestations and wallet security obligations.
