US crypto groups urge Senate leaders to advance the CLARITY Act before August recess, seeking clear digital asset regulations nationwide.
Three major cryptocurrency groups urged the US Senate to advance the CLARITY Act before lawmakers begin their August recess. The request underscores the industry’s need for transparency in U.S. digital asset regulations.
Crypto Organizations Push Senate to Advance CLARITY Act
A combined letter was sent by the Crypto Council for Innovation, Digital Chamber and the Blockchain Association on Friday. They urged Senate leaders to make floor consideration of the Digital Asset Market CLARITY Act a priority.
The 3 leading U.S. digital asset trade groups — @BlockchainAssn, @crypto_council, and @DigitalChamber — express strong support for Senate floor consideration of the Clarity Act.
The time is now for Clarity.https://t.co/sOauIxMaCN pic.twitter.com/F1KuZkw0KO
— Blockchain Association (@BlockchainAssn) July 24, 2026
The letter went to Majority Leader John Thune and Minority Leader Chuck Schumer. The organizations said the bill would create lasting guidelines for digital assets across the country in the meantime.
Related reading: Updated Clarity Act Seeks to Ban Federal Officials From Crypto Profits | Live Bitcoin News
Today, the groups estimate that almost 67 million Americans already own digital assets. So, they said, consumers and businesses have increasingly come to depend on federal regulations.
Moreover, the organizations have observed that banks and payment companies are still embracing blockchain technology. But they said that federal lawmakers have failed to establish a single structure for the emerging industry.
The current landscape of state licensing and compliance for digital asset companies is fragmented. This creates uncertainty for businesses and investors in various jurisdictions within the country.
The groups also highlighted previous congressional support for the legislation. The number of Democrats who voted with Republicans last year for similar market structure changes in the House was 78.
CLARITY Act Seeks Consumer Protection and Regulatory Certainty
Supporters stated that the CLARITY Act would enhance protections against illegal financial transactions with digital assets. The bill also would broaden anti-money laundering and sanctions authorities.
The proposal also would provide the Treasury Department with new tools to deal with new financial risks. This would allow regulators to more easily detect and neutralize bad actors in digital asset markets.
A key element is the consumer protection measures throughout the digital asset industry. The bill would mandate that intermediaries keep customer money and company money completely apart at all times.
Further, under the proposed framework, companies would require qualified custodians and would require minimum financial resources. They would also make transparent disclosures on the risks of digital assets and the characteristics of blockchain to customers.
The bill also would give the Commodity Futures Trading Commission authority over digital commodity spot markets. As a result, advocates say the legislation would fill longstanding loopholes in the industry.
While negotiations are still underway, industry groups welcomed continued talks between lawmakers from both parties. They said that cooperation is still needed to pass a comprehensive bill through the Senate.
However, the groups called on Senate leadership to hold a floor vote on the bill on time. They said that innovators and consumers have waited for regulatory certainty for many years.
The letter highlighted the importance of clear rules to safeguard markets and promote responsible innovation. Meanwhile, backers think that prompt action will bolster the United States’ standing in the worldwide digital economy.
Lastly, the groups said that congressional action would spur additional investment and technological advances throughout the country. They argued that the industry needs to continue to be regulated to ensure clarity for its growth and competitiveness globally.
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