Coinbase, Ripple among over 200 crypto organizations urging Senate Clarity Act vote

A coalition of more than 200 digital asset companies, trade groups, and grassroots organizations delivered a letter to Senate leaders John Thune and Chuck Schumer calling for a floor vote on the Digital Asset Market Clarity Act. 

Stand With Crypto organized the letter alongside the Blockchain Association, Crypto Council for Innovation, and The Digital Chamber. The organization has mobilized a network of nearly 3 million advocates across all 50 states to push for the bill's passage, according to a statement shared with The Block on Monday.

Signatories, including Coinbase, Ripple, Kraken, Andreessen Horowitz, Circle, and Binance US, said in the letter that the bill would establish a comprehensive federal framework for digital asset markets, clarify regulatory responsibilities, create workable registration pathways, maintain protections for software developers, and bring more digital asset activity into responsible U.S. markets.

"The Clarity Act gives Congress the opportunity to keep innovation, jobs, investment, and market activity here at home while strengthening America's role as the global leader in digital asset innovation," the letter read.

The signatories also said the U.S. possesses the deepest capital markets, the strongest rule-of-law tradition, world-class entrepreneurs, and a long history of leading in financial innovation. Those strengths, the letter said, position the country to build and govern the next generation of financial infrastructure.

The letter follows the Senate Banking Committee's bipartisan passage of the Clarity Act last month. Senator Cynthia Lummis said in a post on X that the bill passed committee and that "the floor is next." Lummis added, "We did not come this far to quit at the 5-yard line."

The letter follows other recent industry efforts to build support for the legislation. The Blockchain Association last week urged Senate passage of the bill in a separate letter signed by 160 former national security and law enforcement officials, arguing the framework would strengthen enforcement capabilities and improve oversight of digital asset markets. 

Treasury Secretary Scott Bessent has also publicly called on lawmakers to advance the legislation this summer, while White House crypto adviser Patrick Witt has described it as “pro-regulatory” and “pro-law enforcement” during recent policy discussions.

However, hurdles remain, most notably in relation to ethics concerns tied to the Trump family's connections to the crypto industry.