100+ Crypto Groups Urge Senate to Mark Up CLARITY Act

On April 23, 2026, more than 100 crypto organizations sent a joint letter to the Senate Banking Committee asking leaders to schedule a markup of the CLARITY Act to create a federal market structure for digital assets. The letter was led by the Blockchain Association and the Crypto Council for Innovation and included Stand With Crypto chapters and signatories such as Coinbase, Circle, Kraken, Andreessen Horowitz, Chainalysis, Uniswap Labs and Ripple.

The letter listed specific priorities for market-structure legislation: clear jurisdictional lines between regulators, disclosure standards tailored to digital assets, consistent rules across all 50 states, protections for decentralized developers and service providers, and improved processes for token disclosure and certification. It also asked that consumer rewards tied to payment stablecoins be preserved and that both the Securities and Exchange Commission and the Commodity Futures Trading Commission be able to oversee tokenized financial instruments.

The groups argued that agency guidance and enforcement alone cannot provide the long-term legal certainty the industry seeks. They said those provisions affect where new products are launched, how firms scale and whether investment stays in the United States or moves overseas.

“Timely action is critical, as other major jurisdictions have already implemented comprehensive frameworks, and the absence of comparable U.S. policy risks ceding both economic and strategic advantages,” the letter wrote. The letter noted years of bipartisan engagement across congressional offices and federal agencies and urged the committee to convert that engagement into formal legislative action.

Industry backers and legal advisers view a committee markup as the next procedural step toward floor consideration, while noting passage would require further negotiation in the Senate and likely the House.

The signatories framed market structure as a matter that could influence jobs, investment and the country’s position in global digital finance, and warned that regulatory uncertainty could push capital and innovation offshore.