Y Combinator Says CLARITY Act Committee Approval Could Expand Crypto Use Across Its Startups

Y Combinator said it was encouraged by the U.S. CLARITY Act advancing through committee and expects crypto technologies such as stablecoins to be used by future companies it invests in or incubates. According to Foresight News, Y Combinator said blockchain can enable low-cost, instant, global, 24/7 asset transfers and allow developers to build applications through open APIs. Y Combinator said the CLARITY Act would clarify whether digital assets are treated as securities or commodities, establish a registration pathway with the Commodity Futures Trading Commission, and protect users’ assets in bankruptcy. It added that these provisions would provide a clearer compliance framework for traditional financial institutions such as banks, brokers, and custodians, and give startups a basis to build products. The firm also said the CLARITY Act, together with the GENIUS Act, would form a more complete regulatory framework that could support real-world use cases including instant global payroll settlement, faster market clearing, and cross-border collections for software-as-a-service businesses.