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Crypto groups urge full Senate vote on Digital Asset Market Clarity Act

Crypto groups urge full Senate vote on Digital Asset Market Clarity Act

More than 200 industry signatories, including Coinbase, Ripple and Circle, asked Senate leaders John Thune and Chuck Schumer to bring the market structure bill to the full chamber.

Fact Check
Bloomberg Tax reports that 'Stand With Crypto, Coinbase, Ripple Labs Inc., and more than 200 lobbies and companies' are urging senators to bring the CLARITY Act to a vote, matching the claim's 200+ industry signatories including Coinbase and Ripple. The Block confirms parallel pressure from the Blockchain Association via a letter addressed specifically to Senate leaders John Thune and Charles Schumer. Cryptobriefing confirms the bill cleared the Senate Banking Committee and awaits a full Senate vote.
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Summary

Stand With Crypto, the Blockchain Association, Crypto Council for Innovation, and The Digital Chamber sent a joint letter to Senate leaders John Thune and Chuck Schumer urging a full Senate vote on the Digital Asset Market Clarity Act. More than 200 signatories, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, said the bill would establish a federal framework for crypto markets. The push follows the measure’s earlier bipartisan approval in the Senate Banking Committee, underscoring continued industry efforts to advance U.S. digital-asset market structure legislation.

Terms & Concepts
  • Digital Asset Market Clarity Act: A proposed U.S. bill aimed at creating a federal regulatory framework for crypto markets.
  • market structure: The set of rules that governs how an asset market is organized, supervised and operates.
  • digital assets: Token-based assets issued or traded using blockchain-related technology.