200+ Crypto Firms Demand Senate Vote on CLARITY Act

Crypto News

More than 200 crypto companies and industry organizations sent a letter to Senate leadership on June 8 calling for a floor vote on the CLARITY Act. The letter was addressed to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer.

Stand With Crypto

the letter publicly on X the same day. The signatories included Stand With Crypto, the Blockchain Association, The Digital Chamber, and the Crypto Council for Innovation. They pointed to the Senate Banking Committee's vote last month as proof of sustained bipartisan work on the bill. The groups argued that the Senate should build on that progress before the 2026 midterm election cycle narrows the available calendar.

Disputed Provisions Hold Up the Bill

The Digital Asset bill would define how the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) divide regulatory authority over crypto markets. The Senate Agriculture Committee and the Senate Banking Committee have each passed separate versions of the legislation. Both versions must be merged into a single unified text before the full Senate can hold a vote.

Negotiations have broken down multiple times this year over two specific disputes. Banking groups want the bill to include a ban on platforms offering yields on