US Crypto Industry Urges Senate Action on CLARITY Act

The US digital asset industry is pushing for faster movement on the CLARITY Act, a bill aimed at establishing a federal framework for regulating cryptocurrencies. The industry's urgency comes as regulatory competition intensifies globally.

On April 23, 2026, the Blockchain Association, the Crypto Council for Innovation, and over 90 organizations signed a joint letter to the Senate Banking Committee, urging them to advance a markup of the CLARITY Act. The coalition warned that delays in passing the bill could weaken the US's competitiveness in digital finance.

The signatories include exchanges, venture firms, infrastructure providers, advocacy groups, and digital asset firms such as Coinbase, Circle, Kraken, Andreessen Horowitz, Chainalysis, Uniswap Labs, and Ripple. The letter noted that current momentum in Washington should translate into formal legislative action.

The coalition argued that a comprehensive federal framework would clarify regulatory jurisdiction, introduce disclosure standards tailored to digital assets, and establish consistent rules across all 50 states. They emphasized the importance of timely action, stating that other major jurisdictions have already implemented comprehensive frameworks, and the absence of comparable US policy risks ceding both economic and strategic advantages.