The Chamber of Digital Commerce applauds U.S. Representatives Zach Nunn and Abigail Spanberger’s bipartisan Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act.
The CLARITY Act addresses the urgent need to safeguard American intellectual property, enhance our national security, and protect the private information of U.S. citizens from the risks posed by foreign-developed blockchain technologies, particularly those originating from China.
By prohibiting the federal government’s use of blockchain infrastructure developed by foreign adversaries the CLARITY Act takes a critical step towards ensuring that Americans’ sensitive data and U.S. national security intelligence remain secure from external threats.
It’s time for the U.S. to prioritize domestic blockchain innovation to safeguard against these emerging threats and fortify our defenses against the misuse of our data. The Chamber of Digital Commerce proudly advocates for the prompt passage of the CLARITY Act to shield our nation from the dangers inherent in foreign-dominated blockchain platforms.
Additional information on the bill can be found here.