Stand With Crypto and over 200 organizations have written to Senate leaders calling for the Digital Asset Market Clarity Act to be brought to a floor vote.
On June 7, 2026, Stand With Crypto and more than 200 companies and organizations sent a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging them to schedule the Digital Asset Market Clarity Act for a floor vote. The letter, signed by executives and representatives from some of the most prominent names in digital finance, frames the moment as a test of American leadership in the global competition over digital asset market regulation.
Among the signatories are Coinbase, Circle, Ripple, Kraken, Andreessen Horowitz, Binance.US, Multicoin Capital, Riot Platforms and Uniswap Labs, along with dozens of state-level blockchain coalitions and university blockchain clubs covering all 50 states. The letter was led by four organizations: Mason Lynaugh of Stand With Crypto, Summer Mersinger of the Blockchain Association, Ji Hun Kim of the Crypto Council for Innovation, and Cody Carbone of the Digital Chamber.
“Digital asset markets are global, growing, and central to the future of financial infrastructure,” the letter reads. “The question before Congress is whether that future will be built in the United States – under American law, American oversight, and American values – or whether it will continue to shift to offshore jurisdictions with less transparency, weaker consumer protections, and limited accountability.” The coalition emphasizes that lasting policy “must be built across party lines, especially when it will shape the future of American financial markets.”
The Clarity Act – short for the Digital Asset Market Clarity Act – passed the House of Representatives in July 2025 with a bipartisan vote of 294 to 134. The bill had stalled twice in the Senate, including an episode in January 2026 when Coinbase withdrew its support over a proposed ban on stablecoin rewards. On May 14, 2026, the Senate Banking Committee approved the text with a vote of 15 to 9, with Democrats Ruben Gallego of Arizona and Angela Alsobrooks of Maryland joining Republicans in supporting the measure.
The coalition argues that the Clarity Act would establish a federal framework for digital asset markets, clarifying regulatory responsibilities between the SEC and CFTC, creating registration pathways for market participants, and extending protections to software developers. Among the still-unresolved sticking points are contested DeFi provisions, ethics language that would bar senior government officials from profiting from crypto assets during their tenure, and the question of whether deregulatory mechanisms for community banks should be attached to the bill. Some Democrats, led by Senator Elizabeth Warren, have argued that the bill’s anti-money laundering measures are not sufficiently stringent.
Timing is a critical factor. Analysts at Galaxy Digital have estimated the probability of the bill becoming law at 60% following the committee vote, but noted that the window before the August recess leaves only a few weeks for Senate debate, reconciliation with the Agriculture Committee version, and a final House vote before the text reaches President Trump’s desk for signature. The coalition sums up the stakes with these words: “With the Clarity Act, the Senate has the opportunity to ensure that the next generation of financial infrastructure is built, governed, and regulated in America.”
