Over 200 crypto firms push Senate to pass CLARITY Act
More than 200 crypto companies and groups are pressing the Senate to move the CLARITY Act forward, warning that further delays could close the remaining legislative window this year. A letter from Stand With Crypto, The Digital Chamber, the Blockchain Association, and the Crypto Council for Innovation urged Senate leaders to bring the bill to the floor after the Banking Committee’s bipartisan approval last month. The bill would define how the SEC and CFTC oversee crypto markets, but it remains stalled over disputes such as stablecoin yield bans, protections for decentralized platform developers, ethics rules, and illicit finance concerns. Supporters argue the measure would keep crypto jobs and investment in the U.S. and prevent activity from shifting offshore. Analysts say the odds of passage are falling as floor time remains unscheduled ahead of the November elections.
