Former U.S. Congressman Patrick McHenry has called for the passage of the Clarity Act, a significant legislative effort aimed at establishing a clear regulatory framework for crypto assets. McHenry, who previously chaired the House Financial Services Committee, highlighted the Clarity Act as a major reform initiative, comparable to the Telecommunications Act of 1996. The proposed legislation seeks to provide predictable rules for businesses, enhance consumer and investor protection, and bolster law enforcement's ability to tackle crypto-related crimes. McHenry also noted the successful bipartisan passage of the GENIUS Act, a stablecoin legislation, and the growing bipartisan support for various crypto market structure bills. He emphasized that the Clarity Act is crucial for the United States to maintain its leadership as a global financial and technology hub in the digital asset space and the broader 21st-century economy.