1,200 Tech Firms Urge Senate to Pass CLARITY Act

The Consumer Technology Association, which represents more than 1,200 technology companies, sent a June 17 letter to Senate leaders John Thune and Charles Schumer urging passage of the CLARITY Act to establish federal rules for digital assets. The letter warned that ongoing regulatory uncertainty is harming companies that build blockchain-based products.

Kinsey Fabrizio, the association’s president and chief executive, asked Senate leadership to move the bill to the floor. The CTA’s membership includes startups and major firms such as Amazon, Apple, Google, Intel, LG Electronics, Panasonic, Samsung Electronics, Sony Electronics and Verizon.

The letter described how digital-asset and blockchain technologies are being used for payments, expanding financial access, cybersecurity and supply-chain tracking. It noted that unclear federal oversight — including uncertainty about which agencies will regulate specific activities — is complicating compliance, delaying product launches and affecting long-term investment planning.

The association pointed to recent bipartisan progress on the legislation: the House approved the CLARITY Act and the Senate Banking Committee advanced the bill on a bipartisan vote. The CTA said clearer rules are needed so U.S. companies can plan product rollouts and compete with jurisdictions that have defined frameworks.

In the letter, Fabrizio wrote, “On behalf of the Consumer Technology Association, which represents more than 1,200 technology companies ranging from startups to some of the world’s largest innovators, I urge the Senate to move quickly to pass the CLARITY Act.” The letter later stated, “CTA strongly supports the CLARITY Act and respectfully urges the Senate to bring the legislation to the floor and pass it without delay.”

The letter highlighted provisions that would protect developers of open-source software and self-custody tools, saying those creators should not be treated as financial intermediaries solely because others use their software. It also said the bill would support market integrity and consumer protections while encouraging innovation within U.S. regulated markets.

CTA told lawmakers that passing market-structure legislation this year would help preserve U.S. leadership in technology and capital markets and provide clearer expectations for businesses. The association asked Senate leaders to move the CLARITY Act forward so companies have clearer rules for compliance, product development and investment planning.