Regulators and Crypto Giants Align in Push for U.S. Blockchain Framework

Cardano founder Charles Hoskinson has shared updates on the progress of the CLARITY Act following a high-level roundtable in Washington, D.C. on September 17, 2025. Hoskinson, alongside representatives from Ripple, Andreessen Horowitz (A16Z), and other major players in the crypto industry, participated in discussions aimed at shaping bipartisan legislation to regulate the digital asset market. The meeting, described by Hoskinson as “fruitful,” marked a significant step toward establishing a clear regulatory framework in the U.S. crypto space.

Industry leaders and lawmakers focused on refining the market structure draft as part of the broader CLARITY Act initiative. The draft legislation aims to outline how exchanges, issuers, and investors will operate under a unified set of regulations. According to Eleanor Terrett, a former FOX Business reporter who attended the event, the meeting lasted over an hour and included representatives from companies such as Coinbase, Kraken, Circle, and Paradigm. This broad participation indicates a growing consensus among crypto firms to engage with regulators and shape policy in a way that supports innovation while protecting investors.

Hoskinson specifically praised Ripple and A16Z for their contributions during the talks. Ripple’s involvement, in particular, reflects its efforts to influence legislation following its legal disputes with the Securities and Exchange Commission (SEC) over XRP. Ripple President Monica Long also expressed optimism about the evolving regulatory environment, noting that blockchain is a “financial revolution” that is gradually integrating into the broader financial infrastructure. Long attributed the shift to ongoing legislative efforts, including the CLARITY Act and the Senate’s Responsible Financial Innovation Act (RFIA).

The roundtable also highlighted the importance of balancing innovation with consumer protection. Lawmakers are working to determine which federal agencies, including the SEC, CFTC, and FinCEN, will oversee various aspects of the crypto market. This decision could have long-term implications for the sector’s governance structure. Hoskinson emphasized that the presence of top industry players at the meeting provided legislators with valuable insights into how proposed regulations might impact day-to-day operations and market dynamics.

The meeting is part of a broader trend of increased collaboration between the U.S. government and the crypto industry. The House has reattached the Anti-CBDC bill to the CLARITY Act, signaling lawmakers’ intent to consolidate crypto-related reforms. Hoskinson noted that significant work remains, but he expressed optimism that a bipartisan legislative framework could be finalized and passed by the end of the year. If the bill receives 60 Senate votes, it will move to the House for further debate and, eventually, to the President for approval.

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