More than 200 digital asset companies, trade associations, and grassroots organizations have signed a joint letter calling on Senate Majority Leader John Thune and Minority Leader Chuck Schumer to schedule a full Senate floor vote on the Digital Asset Market Clarity Act (Clarity Act), signaling the crypto industry’s most coordinated lobbying push yet as the bill clears its last major committee hurdle.
Industry Unites Behind Single Demand
The letter is backed by major crypto industry participants including Coinbase, Ripple, Kraken, Circle, Binance US, and venture firm Andreessen Horowitz, alongside trade groups such as Blockchain Association, Crypto Council for Innovation, The Digital Chamber, and advocacy group Stand With Crypto, supported by network of nearly 3 million advocates across all 50 states.
According to the letter, the bill would establish a comprehensive federal framework for digital asset markets, clarify regulatory responsibilities between the SEC and CFTC, create workable registration pathways for market participants, maintain legal protections for software developers, and draw more digital asset activity into regulated US markets.
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The letter argues that clear US rules are essential to keeping innovation, jobs, and capital within American borders and that the country already has the infrastructure needed to lead the world in digital finance. Signatories emphasized that any durable policy framework requires bipartisan support.
Legislative Momentum Builds After Committee Approval
The coordinated industry push targets the final bottleneck: Senate leadership’s decision on whether to schedule a floor debate.
The Clarity Act passed the House in July 2025 and cleared the Senate Banking Committee in May in a bipartisan 15–9 vote.
The bill still requires a full Senate vote, possible House-Senate reconciliation if amended, and the signature of President Donald Trump to become law.
If Senate leadership declines to schedule a vote before the August recess, the legislation risks being pushed into 2027.
Why This Matters
A floor vote on the Clarity Act would be the most consequential step yet toward establishing a comprehensive U.S. regulatory framework for digital assets, which could reshape how exchanges register, how tokens are classified, and how much institutional capital enters US crypto markets.
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People Also Ask:
It is a U.S. bill that would establish a comprehensive federal regulatory framework for digital assets, clarifying which cryptocurrencies fall under SEC jurisdiction and which fall under the CFTC.
The bill has already cleared the Senate Banking Committee with bipartisan support, making Senate leadership’s scheduling decision the last major procedural hurdle before a full vote.
Over 200 organizations signed, including Coinbase, Ripple, Kraken, Circle, Andreessen Horowitz, and Binance US, coordinated by Stand With Crypto, the Blockchain Association, CCI, and The Digital Chamber.
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