Key Takeaways:
Over 100 organizations back CLARITY Act, pushing faster U.S. crypto legislation. Coinbase, Ripple, and Circle among signatories warning delays risk weakening U.S. competitiveness. Congress action on market structure could keep capital and innovation in the U.S. CLARITY Act Push Builds Pressure for Senate ActionThe letter noted that the committee’s work follows years of bipartisan engagement across congressional offices and federal agencies. It also argued that agency activity alone cannot provide a lasting solution for the sector. The coalition warned against a return to “regulation by enforcement,” which it said created prolonged uncertainty for builders and market participants. It added:
“Timely action is critical, as other major jurisdictions have already implemented comprehensive frameworks, and the absence of comparable U.S. policy risks ceding both economic and strategic advantages.”
US Crypto Rules Could Shape Investment and Global PositionThe broader argument in the letter is that the U.S. can still set the global standard if Congress acts while bipartisan engagement remains active. The coalition said the country’s leadership in financial markets has historically depended on clear rules, strong institutions, and openness to innovation. It used that point to position market structure legislation as a decision with near-term and long-term consequences for the digital asset economy. The letter concluded:
“With thoughtful market structure legislation, Congress has the opportunity to extend that leadership into the next generation of financial technology.”
