CRCL, COIN Stocks Slip Premarket: Crypto Industry Makes Final Push For CLARITY Act Ahead Of Senate Vote Today

• Coinbase policy chief Faryar Shirzad said the bill satisfies all seven priorities Democrats outlined in 2025 and incorporates 126 requested changes.

• Banking groups are pushing back on the bill's stablecoin yield provisions, arguing its circuit breaker would act only after a significant deposit flight had already occurred.

• New York Attorney General Letitia James led a bipartisan group of 17 other attorneys general in a letter opposing the bill.

Crypto industry leaders made a final push for the Digital Asset Market Clarity Act (CLARITY Act) ahead of the bill's first Senate floor vote on Tuesday, while banking groups kept up their fight over its stablecoin terms. The Senate votes at 2:15 pm ET on a motion to proceed. The bill still needs 60 votes to clear that step and open debate. As of now, Republicans hold 53 seats, so the outcome rests on Democrats. The New York Attorney General is calling on Congress to block the bill.

Coinbase Global Inc. (COIN) top policy executive Faryar Shirzad urged Senate Democrats to back the bill just hours before the crypto market structure bill faces its first Senate floor vote. Shirzad said the CLARITY Act meets every demand of Senate Democrats. He urged them to back the bill in the upcoming Senate vote. He said, "Every one of those seven pillars is addressed in the legislation before the Senate."