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Over 100 Crypto Firms Urge U.S. Senate Banking Committee to Advance CLARITY Act as Banking Groups Step Up Opposition

Over 100 Crypto Firms Urge U.S. Senate Banking Committee to Advance CLARITY Act as Banking Groups Step Up Opposition

More than 120 crypto organizations urged immediate Senate Banking Committee action on the CLARITY Act, while the North Carolina Bankers Association encouraged member banks to contact Senator Thom Tillis’s office to oppose the bill.

Fact Check
The claim is likely true because multiple sources gathered in this run independently report the same core facts: an April 23, 2026 letter to the U.S. Senate Banking Committee, organized by Blockchain Association and Crypto Council for Innovation, urging advancement of the CLARITY Act. The strongest directly accessible article, "Crypto advocacy group presses Senate to advance Clarity Act," confirms the letter and the push for Senate action. "Blockchain Association与CCI联合120余家机构致信美参议院敦促推进《CLARITY法案》 - BlockBeats" and "Coinbase 等加密机构联名致信美参议院敦促《 CLARITY 法案》落地" both specifically state that more than 120 organizations backed the effort and that the requested framework would cover stablecoins, tokenized assets, and decentralized technology. "Text - H.R.3633 - 119th Congress (2025-2026): Digital Asset Market Clarity Act of 2025" confirms the CLARITY Act itself is a real U.S. bill. Confidence is only medium because I was not able to retrieve the original official letter or an official Blockchain Association or Crypto Council for Innovation post/page in this run.
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Summary

More than 120 crypto organizations led by the Crypto Council for Innovation and the Blockchain Association sent a joint April 23 letter urging the U.S. Senate Banking Committee to immediately mark up the CLARITY Act, warning that further delay would deepen regulatory uncertainty for digital-asset markets. At the same time, banking-sector opposition has intensified: the North Carolina Bankers Association said on April 18 that member banks should directly contact Senator Thom Tillis’s office to press objections to the bill. Together, the developments show a more active legislative battle around the CLARITY Act, with crypto groups pushing for clearer federal market-structure rules and banking groups escalating direct lobbying against the measure.

Terms & Concepts
  • CLARITY Act: A proposed U.S. digital-asset market structure bill intended to clarify how crypto markets and related activities should be regulated.
  • DeFi: Short for decentralized finance, a blockchain-based financial ecosystem that aims to offer services such as trading or lending without traditional intermediaries.
  • Lobbying: Direct efforts by organizations or industry groups to influence lawmakers or government decisions on legislation and regulation.