ZEC, CRCL, COIN, GLXY, XRP In Focus: Over 200 Crypto Firms Press Senate For CLARITY Act Vote

Developer protections and ethics remain among the last hurdles before a Senate floor vote for the CLARITY Act, according to journalist Eleanor Terrett.

• More than 200 crypto firms are urging Senate leaders to schedule a floor vote on the CLARITY Act.
• Administration officials will reportedly meet with law enforcement groups at the White House on Wednesday to discuss concerns about illicit finance.
• The bill cleared the committee 15-9 but needed 60 votes; Galaxy cut its odds to 60%.

More than 200 crypto companies and organizations are pressing the Senate to bring the CLARITY Act to a floor vote, even as a reported White House meeting this week looms over one of the bill's last unresolved sticking points. 

The crypto lobby includes Coinbase (COIN), Galaxy (GLXY), Zcash (ZEC), Ripple (XRP), Kraken, Circle (CRCL), Andreessen Horowitz (a16z), and Binance (BNB), among others, with the effort led by Stand With Crypto's Mason Lynaugh, the Blockchain Association's Summer Mersinger, the Crypto Council for Innovation's Ji Hun Kim, and the Digital Chamber's Cody Carbone.

Developer protections, the same provision now drawing White House scrutiny, have become a central bargaining chip in the negotiations, according to Journalist Eleanor Terrett. She said on Monday that, alongside ethics, this is one of the last hurdles lawmakers must clear before bringing the bill to the Senate floor.