- Blockchain Association urged the Senate to pass the CLARITY Act as soon as possible.
- The group sent a letter to John Thune and Chuck Schumer, backed by 160 former federal officials.
- The legislation passed the Senate Banking Committee 15-9, awaiting further Senate action.
The US crypto industry’s push for market structure legislation is entering a critical phase as the Blockchain Association is pressuring the Senate to move the CLARITY Act toward a floor vote.
On Tuesday, the industry group sent a letter to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer, backed by 160 former national security, intelligence, and law enforcement officials.
The Association wants the Senate to pass the CLARITY Act and bring digital asset activity under a clearer federal framework.
Law Enforcement Groups Back Market Structure Bill
The letter frames crypto regulation as a law enforcement issue rather than simply an industry policy debate. According to the signatories, clearer rules would move more digital asset activity under US oversight, giving investigators greater visibility into transactions while strengthening consumer protections.
They argued that the current regulatory environment makes it harder to track fraud, money laundering, sanctions evasion, terrorist financing, trafficking, and other financial crimes involving digital assets.
The group said the CLARITY Act would expand Bank Secrecy Act compliance requirements and sanctions obligations across parts of the crypto industry.
It would also establish Treasury-led information sharing between government agencies and private-sector participants, creating additional channels for enforcement cooperation.
A permanent interagency working group focused on illicit finance involving digital assets is also included in the legislation.
Senate Vote Becomes the Next Hurdle
The lobbying campaign comes after the Senate Banking Committee advanced the bill by a 15-9 vote on May 14. Democrat Senator Ruben Gallego, along with Senator Angela Alsobrooks, joined all 13 Republicans on the committee in supporting the measure.
The CLARITY Act previously cleared the House in July 2025 with a 294-134 bipartisan vote, giving the legislation momentum as it moved into the Senate.
Before reaching the Senate floor, lawmakers must reconcile differences between versions approved by the Senate Banking Committee and the Senate Agriculture Committee.
Senator Cynthia Lummis has indicated that a Senate floor vote could occur before Congress leaves for its August recess. However, the legislation must secure 60 votes to overcome the Senate filibuster threshold, making bipartisan support essential.
Industry Mobilizes Ahead of Senate Decision
The Blockchain Association is pairing its public letter with direct lobbying efforts in Washington. Representatives from the organization, member companies, and letter signatories are scheduled to meet with officials across 18 Senate offices.
The association is also hosting a virtual town hall focused on the bill’s national security and law enforcement implications.
Participants are expected to include Senator Cynthia Lummis, House Majority Whip Tom Emmer, and Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets.
The Blockchain Association, Digital Chamber, Crypto Council for Innovation, and other industry groups have increasingly aligned behind the legislation. The broader coalition includes major crypto firms such as Coinbase, Ripple, Kraken, Circle, Andreessen Horowitz, and Paradigm.
Related: CLARITY Act Enters Critical Phase as Senate Eyes June Action
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