Coinbase, Ripple Among 200-Plus Groups Urging US Senate Vote on CLARITY Act

More than 200 digital-asset groups, including Coinbase and Ripple, have urged the U.S. Senate to hold a floor vote on the CLARITY Act, intensifying industry pressure to advance crypto market-structure legislation.

Crypto-focused media outlet The Block reported on June 8 that more than 200 digital-asset companies, industry associations and grassroots organizations sent a letter to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer, asking them to bring the Digital Asset Market Clarity Act to the Senate floor.

Stand With Crypto led the effort with the Blockchain Association, the Crypto Council for Innovation and the Digital Chamber. Stand With Crypto said it is mobilizing a network of about 3 million supporters across all 50 states to help push the bill through Congress.

Signatories included Coinbase, Ripple, Kraken, Andreessen Horowitz, Circle and Binance.US. In the letter, they argued the bill would establish a comprehensive federal regulatory framework for digital-asset markets, clarify regulatory responsibilities and create a workable registration pathway.

They also said the measure would bring more digital-asset activity into responsibly regulated U.S. markets while preserving protections for software developers.

The groups wrote that the CLARITY Act gives Congress an opportunity to reinforce the U.S. role as a global leader in digital-asset innovation while keeping innovation, jobs, investment and market activity at home.

The letter followed the Senate Banking Committee's bipartisan approval of the CLARITY Act last month. Senator Cynthia Lummis wrote on X that the bill had cleared the committee and that "the next stop is the floor."

Industry support has continued to build. The Blockchain Association said last week that 160 former national security and law enforcement officials signed a separate letter urging the Senate to pass the bill. They argued it would strengthen enforcement capacity and improve oversight of digital-asset markets.

Treasury Secretary Scott Bessent has also publicly urged Congress to move the bill forward this summer. White House crypto adviser Patrick Witt recently described the legislation during a policy discussion as "pro-regulation" and "law enforcement-friendly."

Still, hurdles remain. The Block said ethical concerns surrounding ties between President Donald Trump's family and the crypto industry remain a key issue.