200+ Crypto Firms Urge Senate to Vote on Clarity Act

A broad coalition of more than 200 digital asset companies, trade groups, and advocacy organizations has formally urged U.S. Senate leadership to schedule a floor vote on the Digital Asset Market Clarity Act. The joint letter, delivered to Senate Majority Leader John Thune and Minority Leader Chuck Schumer on Monday, represents a significant escalation of the industry's push for comprehensive federal regulation.

The letter was coordinated by the advocacy group Stand With Crypto alongside major industry associations including the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber. Signatories include prominent firms such as Coinbase, Ripple, Kraken, Andreessen Horowitz, Circle, and Binance US. According to Stand With Crypto, the effort is backed by a network of nearly three million advocates across all 50 states.

In the letter, the coalition argues that the legislation is critical for establishing a clear federal framework for digital asset markets. They contend it would clarify regulatory responsibilities between agencies, create workable registration pathways for businesses, maintain protections for software developers, and encourage digital...