TLDR
- Over 200 crypto companies and groups urged a Senate vote on the Clarity Act.
- Coinbase, Ripple, Kraken, Circle, and Binance US signed the industry letter.
- Stand With Crypto said it mobilized nearly 3 million advocates nationwide.
- The Senate Banking Committee passed the Clarity Act with bipartisan support.
- Senator Cynthia Lummis confirmed the bill now moves toward a floor vote.
More than 200 digital asset companies and trade groups urged Senate leaders to schedule a floor vote on the Digital Asset Market Clarity Act. Stand With Crypto coordinated the letter with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber. The coalition addressed Majority Leader John Thune and Minority Leader Chuck Schumer and called for immediate Senate action.
Industry coalition presses for Clarity Act floor action
Stand With Crypto said it mobilized nearly 3 million advocates across all 50 states to support the bill. The group stated that it delivered the letter to Senate leadership on Monday. The coalition said the measure would create a comprehensive federal framework for digital asset markets.
The signatories included Coinbase, Ripple, Kraken, Andreessen Horowitz, Circle, and Binance US. They wrote that the Clarity Act would clarify regulatory roles and establish workable registration pathways. They added that the bill would maintain protections for software developers and encourage digital asset activity within U.S. markets.
The letter stated, “The Clarity Act allows Congress to keep innovation, jobs, investment, and market activity here at home.”
It added that the United States holds deep capital markets and a strong rule-of-law tradition. The coalition argued that those strengths position the country to lead digital asset innovation.
Bipartisan backing grows as Senate prepares next step
The letter followed the Senate Banking Committee’s bipartisan approval of the Clarity Act last month.
Senator Cynthia Lummis wrote on X that the bill passed committee and that “the floor is next.” She added, “We did not come this far to quit at the 5-yard line.”
The Blockchain Association sent a separate letter urging Senate passage of the legislation. That letter carried signatures from 160 former national security and law enforcement officials. The association argued that the framework would strengthen enforcement capabilities and improve oversight of digital asset markets.
Treasury Secretary Scott Bessent has publicly urged lawmakers to advance the bill this summer. White House crypto adviser Patrick Witt described the proposal as “pro-regulatory” and “pro-law enforcement” during policy discussions. However, ethics concerns tied to the Trump family’s crypto connections remain under review as the Senate considers a floor schedule.