Crypto Industry Calls for Timely Markup of CLARITY Act

A coalition of over 120 crypto and blockchain entities has sent a letter to the US Senate Banking Committee, urging them to accelerate the markup of the CLARITY Act. The bill, which passed the House of Representatives in July 2025, aims to establish a comprehensive federal framework for digital assets.

The coalition, led by the Crypto Council for Innovation and the Blockchain Association, notes that timely action is essential to prevent regulatory drift and ensure the US remains a global hub for digital-asset activity. The letter argues that a mature US regime would reduce regulatory uncertainty, support domestic innovation, and help retain jobs and capital in the country.

Industry representatives have been pushing for a federal market structure framework for several months, but progress has been stalled due to government funding stoppages and policy debates, particularly around stablecoin yield. The coalition's appeal unfolds against a backdrop of shifting regulatory expectations and a wider international trend toward formalizing digital-asset markets.

The CLARITY Act seeks to establish a comprehensive federal market structure framework for digital assets, including rules on asset classification, custody, liquidity, and disclosures. The bill has gained bipartisan support in the House but has faced delays in the Senate due to staffing gaps, funding uncertainties, and policy debates.