A coalition of more than 120 crypto organizations—led by the Crypto Council for Innovation and Blockchain Association—has formally urged the U.S. Senate Banking Committee to fast-track the CLARITY Act, signaling the industry’s most coordinated push yet for regulatory clarity.
Industry unites for urgent action
The April 23 letter brings together major players such as Coinbase, Ripple, Kraken, Circle, Uniswap Labs, Andreessen Horowitz, and Galaxy Digital.
It was addressed to key lawmakers including Chairman Tim Scott, Ranking Member Elizabeth Warren, Subcommittee Chair Cynthia Lummis, and Ranking Member Ruben Gallego—underscoring the political weight behind the request.
The message is clear: delay is no longer acceptable. The coalition warned that continued inaction could push investment, jobs, and innovation offshore, while allowing other jurisdictions to define global crypto standards.
What the industry is demanding
The group outlined six core priorities for the CLARITY Act, including:
Clear division of oversight between the SEC and CFTC
Protection for non-custodial developers from broker rules
Simplified disclosure requirements
A unified federal framework to avoid state-by-state fragmentation
Support for consumer-friendly stablecoin models
A predictable regulatory baseline to keep innovation in the U.S.
Time pressure is building
Despite passing the House in 2025 and advancing through the Senate Agriculture Committee in early 2026, the bill is now stalled in the Banking Committee. With the legislative calendar tightening ahead of the May recess, the window to act is rapidly closing.
Scott Bessent has already called the legislation a national security priority, while Bernie Moreno warned that missing the current timeline could delay meaningful progress until the end of the decade.
A turning point for crypto policy
What makes this push notable is its unified front—over 120 organizations backing a single message rather than fragmented lobbying efforts. With previous internal disagreements easing, the main resistance now appears to come from traditional banking groups rather than within the crypto sector itself.
The outcome of this push could shape not just U.S. crypto regulation, but also who sets the global rules for digital assets in the years ahead.
