Y Combinator backs crypto bill for portfolio companies

Venture capital firm Y Combinator, an early investor in prominent tech companies like Airbnb and DoorDash, is advocating for the passage of the CLARITY Act. The firm believes this legislation could significantly impact its portfolio, potentially enabling cryptocurrency integration for a wide range of its backed companies. Y Combinator, which also has investments in major players such as Coinbase, Stripe, and OpenAI, sees the act as a crucial step towards broader adoption of digital assets within the startup ecosystem.