Crypto Firms Pressure Senators to Schedule Final Vote on CLARITY Act

Key Insights

• Over 200 crypto firms and organizations have upped pressure on the Senate for the CLARITY Act
• The groups call on US residents to reach out to their Senators, saying the legislation would unlock innovation in the United States
• Galaxy Digital argues that the chances of the bill’s passage this year have fallen to 60%

More than 200 crypto firms and advocacy groups are urging the U.S. Senate to advance the CLARITY Act, increasing pressure on lawmakers to schedule a full Senate vote. In a letter addressed to Senate Majority Leader John Thune and Minority Leader Charles Schumer, the groups called on Senate leadership to bring the legislation to the floor.

The letter arrived nearly a month after the Senate Banking Committee approved the CLARITY Act with bipartisan support. It reflects ongoing efforts by crypto stakeholders to secure passage of the market structure bill before the current congressional session ends.

Four advocacy organizations signed the letter: Stand With Crypto, Blockchain Association, The Digital Chamber, and Crypto Council for Innovation.

The signatories also include major crypto companies such as Coinbase, Ripple, and Binance.US, alongside decentralized finance firms including Aave Labs and Uniswap. Investment and trading firms such as Multicoin Capital, Wintermute, and Paradigm also endorsed the effort. The coordinated push comes as concerns grow over delays in the Senate.

Crypto Advocacy Groups Call on US Residents To Reach Out to Senators

According to the letter, the united front from crypto firms and groups, along with bipartisan support for the CLARITY Act at the committee stage, is sufficient endorsement.

It noted that everyone already acknowledges the need for regulation. Therefore, the Senate should use that momentum to advance the CLARITY Act.

The advocacy groups further called on US residents to reach out to their Senators and get them to vote for the CLARITY Act. A link shared by Stand With Crypto lets users fill out a form that sends a direct email to their Senators.

All they need to do is input their details, including their name, email, and address, and the standard email will be sent to the senators. The email echoes the message from crypto stakeholders that the CLARITY Act will benefit the US.

It states that passing the CLARITY Act will ensure consumer protection, create jobs, and enable digital asset innovation in the US instead of overseas.

Unsurprisingly, the email also emphasized how important it is to act in time, calling on senators to  “Vote YES on the CLARITY Act. Don’t let this moment pass.”

Galaxy Digital Slashes Odds of CLARITY Act to 60%

Meanwhile, the delays over the proposed legislation are increasing concerns that it might not pass this year.  Galaxy Digital’s head recently reduced the odds of its passing in 2026 to 60%.

The firm’s head of research, Alex Thorn, said this was the message in its recent client notes. According to him, the short timeline and the unresolved pending issues lower the odds.

The note stated that the bill must pass the Senate and, possibly, the House before the August recess, which starts at the end of July.

With Congress having several other issues on its plate and negotiations still ongoing about the CLARITY Act, Thorn believes that the Senate majority leader may not be inclined to schedule the bill for a general vote yet.

However, Galaxy added that the odds of the bill passing remain above average, and it is cautiously optimistic.

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