Coinbase, Ripple, Kraken, and over 100 other cryptocurrency companies and industry groups are pressing the Senate Banking Committee to advance the CLARITY Act. A joint industry letter emphasizes the urgent need for a comprehensive federal framework for digital assets.
The push highlights concerns that continued delays risk driving investment, jobs, and technological development out of the United States. The legislation aims to establish clearer lines of oversight between the SEC and CFTC, enhance disclosures, and protect software developers.
Negotiations have faced significant hurdles, including disagreements over stablecoin provisions, which previously caused a planned January markup to be postponed. The bill has been stalled due to ongoing disputes between the banking industry and crypto firms. Despite passing the House in July 2025, intensive Senate negotiations have continued. Recent delays suggest a potential shift in the markup schedule to May.
Industry leaders stress the necessity of swift congressional action to create a predictable federal baseline, maintain U.S. leadership in digital asset innovation, and provide essential legal clarity.