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 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.

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