120+ Crypto Groups Urge Senate to Mark Up CLARITY Act

More than 120 cryptocurrency and blockchain organizations urged the Senate Banking Committee on Thursday to schedule a markup of the CLARITY Act, saying the bill would establish a federal market-structure framework for digital assets. The letter was led by the Crypto Council for Innovation and the Blockchain Association and asked committee leaders to move the bill forward to provide regulatory clarity for the industry.

The groups warned that delays could push investment, jobs and technological development offshore and noted other major jurisdictions have already adopted digital-asset frameworks. The Digital Chamber separately urged the committee to schedule a markup “as soon as the calendar allows,” adding it has been more than 270 days since the House passed the bill in July 2025.

Signatories included exchanges Coinbase and Kraken, the Texas Blockchain Council and the Solana Policy Institute. The letter follows earlier industry outreach and meetings between lawmakers and market participants on technical questions in the bill.

The Senate Banking Committee postponed a planned markup in January after Coinbase CEO Brian Armstrong said the company could not support the bill as written. Since then, representatives from banking and crypto firms have met with committee staff to discuss issues such as how to treat yield on stablecoin holdings and other market-structure topics. The committee has not announced a new markup date.

Senator Thom Tillis suggested delaying any markup until May to give stakeholders more time to seek a compromise on stablecoin yield. On Tuesday, the American Bankers Association requested an additional 60 days for four federal agencies to comment after the Office of the Comptroller of the Currency finalized stablecoin-related rules; that request could delay parts of the stablecoin framework’s implementation.

Supporters say the CLARITY Act would create a single federal approach to trading, custody and the regulatory treatment of tokens and argue clearer rules would reduce legal uncertainty for firms operating in the United States. Critics and some market participants have raised concerns about specific provisions, particularly those affecting stablecoins and yield generation.

With the 119th Congress past its midpoint, proponents warned the legislative window for moving the bill is narrowing and urged the Banking Committee to set a markup date soon.