Coinbase is urging senators to support the Digital Asset Market Clarity Act before a cloture vote scheduled around September 15, 2026, arguing that opposition would fail consumers and give foreign competitors an advantage in digital finance. The bill seeks to clarify whether digital assets are regulated as securities or commodities, determining the roles of the SEC and CFTC and the rules for exchanges and token issuers. Its final draft includes more than 100 amendments requested by Democratic lawmakers covering consumer protections, oversight and stablecoin safeguards. The measure needs 60 votes to advance; with Republicans holding 53 seats, at least seven Democratic senators must support it. Senator Elizabeth Warren, 18 state attorneys general and banking groups oppose the bill over consumer protection, ethical conflicts, possible preemption of state rules and the treatment of stablecoin yields. Coinbase has a substantial financial interest in the outcome, generating approximately $1.35 billion in USDC-related rewards revenue in 2025, and has mobilized users through campaigns including Stand With Crypto.