100+ Crypto Firms Send Coalition Letter Urging Senate Banking Committee to Mark Up CLARITY Act
Coinbase, Ripple, Circle, and 100+ more just told the Senate: mark up the CLARITY Act or lose the industry.
What Changed
On April 23, 2026, a coalition of over 100 crypto firms — including Coinbase, Circle, Kraken, Ripple, Andreessen Horowitz, Paradigm, Consensys, Anchorage Digital, and Galaxy Digital — sent a letter to the Senate Banking Committee urging it to proceed with a markup of the CLARITY Act. The letter identifies six priorities: preserving consumer rewards for payment stablecoins, defining clear SEC/CFTC oversight roles, protecting non-custodial developers, simplifying disclosure rules, establishing a federal standard to prevent state-law patchwork, and avoiding a return to regulation by enforcement.
Who It Affects
Every entity in the US digital asset ecosystem. The CLARITY Act would codify the SEC-CFTC token taxonomy, establish registration categories for exchanges and brokers, and create the federal market structure framework that currently exists only through interpretive guidance.
What to Do
If you are a crypto firm, consider adding your name to coalition efforts supporting the markup. If you are building compliance infrastructure, continue building toward CLARITY Act requirements — the industry consensus is that the framework will become law, the only question is timing.
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