Crypto advocates and banking groups are escalating state-level lobbying before the Senate's scheduled September 15, 2026, procedural cloture vote on the CLARITY Act. The measure would set federal rules for determining whether tokens are securities or digital commodities and assign oversight between the Securities and Exchange Commission and Commodity Futures Trading Commission. Democrats and some Republicans have raised concerns about money-laundering controls, ethics safeguards and stablecoin provisions, while analysts cited by Reuters said the bill faces difficult odds. Stand With Crypto says its 3 million advocates contacted congressional offices nearly 50,000 times in August, while the Independent Community Bankers of America has organized local-bank outreach and advertising against provisions it says could erode deposits and Main Street lending. Republican U.S. President Donald Trump and the White House strongly support the bill. Coinbase continues to expand tokenized securities, USDC-backed perpetual contracts and other onchain-finance products as the industry presses for a federal market-structure framework.