REGULATION | Over 200 Crypto Firms Urge U.S Senate to Pass CLARITY Act

More than 200 cryptocurrency companies and industry groups have urged the U.S. Senate to quickly advance the CLARITY Act, intensifying pressure on lawmakers to establish a comprehensive regulatory framework for digital assets before the current legislative window closes.

The coalition, led by crypto advocacy group, Stand With Crypto, and backed by industry organizations including Blockchain Association, Crypto Council for Innovation and The Digital Chamber, sent a letter to Senate Majority Leader, John Thune, and Senate Minority Leader, Chuck Schumer, calling for a floor vote on the legislation ‘without delay.’

The CLARITY Act would establish clearer rules governing digital assets in the United States by defining the regulatory responsibilities of the Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC), an issue that has long been a source of uncertainty for crypto firms.

In the letter, the industry groups said the Senate should build on momentum generated by the Senate Banking Committee’s approval of the bill and give lawmakers the opportunity to advance what they described as durable market-structure legislation. The signatories argued that regulatory clarity would help keep crypto investment, jobs and innovation within the United States.

The legislation has faced repeated delays as lawmakers, banks and crypto companies negotiated contentious provisions, particularly around stablecoin-related activities and oversight. Banking groups have pushed for tighter restrictions on stablecoin yield products, while crypto advocates have sought protections for developers of decentralized platforms.

The latest push comes as the U.S. crypto industry seeks greater certainty following years of regulatory disputes and enforcement actions. Major firms including Coinbase and Ripple were among the organizations supporting the appeal for Senate action.

The Senate has not yet scheduled a vote on the measure.

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