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Coinbase, Ripple and Over 200 Crypto Entities Jointly Urge U.S. Senate to Advance CLARITY Act Vote
a joint letter initiated by Stand With Crypto, in collaboration with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a full floor vote on the Digital Asset Market Clarity Act (the "CLARITY Act") as soon as possible.Over 200 crypto enterprises, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, have participated in signing the letter. The joint letter points out that the CLARITY Act would establish a comprehensive federal regulatory framework for the digital asset market, clearly delineate regulatory responsibilities, provide feasible registration pathways, protect software developer innovation, and simultaneously promote the return of more digital asset businesses to the U.S. market.The signatories stated that the bill would help retain innovation, jobs, investment, and market activity within the United States, further solidifying America's leading position in the global digital asset innovation sector.It is understood that the CLARITY Act received bipartisan support and passed committee review in the Senate Banking Committee last month. Senator Cynthia Lummis subsequently stated that the next step for the bill is to enter the full Senate deliberation stage.Additionally, 160 former national security and law enforcement officials have previously signed a letter supporting the bill. U.S. Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of conflicts of interest between the Trump family and the crypto industry is still regarded as one of the main obstacles to the bill's progress. (The Block)
Coinbase Executive: Not Concerned About Wall Street’s Increased Competition in Cryptocurrency; Calls for Prompt Implementation of Reasonable Regulation
According to CoinDesk, Katie Harries, Coinbase’s Head of European Policy, stated that Coinbase is not concerned about increased participation in the cryptocurrency space by major Wall Street institutions and traditional financial institutions, noting that the crypto industry possesses a community foundation that traditional financial institutions cannot replicate. She pointed out that the advocacy group Stand With Crypto already has over 3.7 million members worldwide, who have contacted legislators more than 2.5 million times. Harries also emphasized that cryptocurrency voters have become a lasting force in the global political landscape, and policymakers should urgently advance a coordinated and reasonable regulatory framework for cryptocurrencies.
Coinbase CEO: CLARITY Act Closer Than Ever to Passage
Coinbase CEO Brian Armstrong stated that the "CLARITY Act" is "closer than ever" to advancing toward passage.Brian Armstrong noted that the bill would make the US financial system faster, cheaper, and more inclusive, helping the United States maintain its leadership in the competition for the next-generation global financial system.He also expressed gratitude to US Senate staff and the 3.7 million Stand With Crypto supporters, stating that these groups have driven the bill to its current stage.
Tether Executive Warns Midterm Elections in 2026 Could Have “Significant Impact” on Crypto Industry
According to CoinDesk, Jesse Spiro, Head of Government Affairs at Tether, stated at the Consensus Miami 2026 summit that the 2026 U.S. midterm elections will be a critical test of whether Washington’s recent crypto-friendly policies can endure. He noted that although legislative progress has been made—such as with the GENIUS Act—the election outcome could still have a disruptive impact on the industry’s trajectory, emphasizing that “crypto should not be partisan.” Colin McLaren, Head of Government Relations at the Solana Policy Institute, said the industry’s political efforts have now shifted toward “durability,” ensuring Congress continues advancing priority issues like tax reform and developer protections in the future. Mason Lynaugh, Executive Director of Stand With Crypto, stated that the organization’s nearly 3 million members view the election as a “moment of accountability,” and that highly mobilized crypto voters could sway election outcomes in key districts.
Coinbase, Ripple and Over 200 Crypto Entities Jointly Urge U.S. Senate to Advance CLARITY Act Vote
a joint letter initiated by Stand With Crypto, in collaboration with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a full floor vote on the Digital Asset Market Clarity Act (the "CLARITY Act") as soon as possible.Over 200 crypto enterprises, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, have participated in signing the letter. The joint letter points out that the CLARITY Act would establish a comprehensive federal regulatory framework for the digital asset market, clearly delineate regulatory responsibilities, provide feasible registration pathways, protect software developer innovation, and simultaneously promote the return of more digital asset businesses to the U.S. market.The signatories stated that the bill would help retain innovation, jobs, investment, and market activity within the United States, further solidifying America's leading position in the global digital asset innovation sector.It is understood that the CLARITY Act received bipartisan support and passed committee review in the Senate Banking Committee last month. Senator Cynthia Lummis subsequently stated that the next step for the bill is to enter the full Senate deliberation stage.Additionally, 160 former national security and law enforcement officials have previously signed a letter supporting the bill. U.S. Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of conflicts of interest between the Trump family and the crypto industry is still regarded as one of the main obstacles to the bill's progress. (The Block)
Fairshake and its affiliated organizations invested approximately $6.5 million to support Menefee’s election victory.
Crypto journalist Eleanor Terrett reported that pro-crypto Democratic candidate Christian Menefee defeated 20-year incumbent Representative Al Green in the TX-18 Democratic primary runoff. In this election, crypto-industry-backed super PACs spent millions of dollars—Fairshake and its affiliated organizations alone contributed approximately $6.5 million, mostly to support Menefee and a smaller portion to oppose Green. Previously, Green received an “F” rating from Stand With Crypto due to his opposition to legislation including the GENIUS Act and the Clarity Act. Fairshake stated it will continue actively supporting leaders like Menefee across the United States.
Coinbase CEO: CLARITY Act Closer Than Ever to Passage
Coinbase CEO Brian Armstrong stated that the "CLARITY Act" is "closer than ever" to advancing toward passage.Brian Armstrong noted that the bill would make the US financial system faster, cheaper, and more inclusive, helping the United States maintain its leadership in the competition for the next-generation global financial system.He also expressed gratitude to US Senate staff and the 3.7 million Stand With Crypto supporters, stating that these groups have driven the bill to its current stage.
Related news
UK crypto advocacy group opposes banks restricting exchange transfers, says it hinders industry adoption
Odaily, Stand With Crypto UK has launched a campaign calling on banks to lift restrictions on cryptocurrency exchange transfers, arguing that such practices conflict with the UK's goal of becoming a global digital asset hub.The organization stated that approximately 40% of UK banks block or delay transactions to crypto exchanges, and 80% of exchanges report a significant increase in customer transaction resistance over the past year. Some exchanges have even experienced nearly £1 billion in transaction cancellations within a year due to banks refusing to process transfers.Stand With Crypto UK plans to mobilize over 286,000 registered crypto advocates in the UK to file formal complaints with their respective banks. The organization stated that users should not be prevented from accessing legitimate asset classes due to banks imposing "one-size-fits-all" restrictions on the entire industry.
Coinbase, Ripple and Over 200 Crypto Entities Jointly Urge U.S. Senate to Advance CLARITY Act Vote
a joint letter initiated by Stand With Crypto, in collaboration with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a full floor vote on the Digital Asset Market Clarity Act (the "CLARITY Act") as soon as possible.Over 200 crypto enterprises, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, have participated in signing the letter. The joint letter points out that the CLARITY Act would establish a comprehensive federal regulatory framework for the digital asset market, clearly delineate regulatory responsibilities, provide feasible registration pathways, protect software developer innovation, and simultaneously promote the return of more digital asset businesses to the U.S. market.The signatories stated that the bill would help retain innovation, jobs, investment, and market activity within the United States, further solidifying America's leading position in the global digital asset innovation sector.It is understood that the CLARITY Act received bipartisan support and passed committee review in the Senate Banking Committee last month. Senator Cynthia Lummis subsequently stated that the next step for the bill is to enter the full Senate deliberation stage.Additionally, 160 former national security and law enforcement officials have previously signed a letter supporting the bill. U.S. Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of conflicts of interest between the Trump family and the crypto industry is still regarded as one of the main obstacles to the bill's progress. (The Block)
Fairshake and its affiliated organizations invested approximately $6.5 million to support Menefee’s election victory.
Crypto journalist Eleanor Terrett reported that pro-crypto Democratic candidate Christian Menefee defeated 20-year incumbent Representative Al Green in the TX-18 Democratic primary runoff. In this election, crypto-industry-backed super PACs spent millions of dollars—Fairshake and its affiliated organizations alone contributed approximately $6.5 million, mostly to support Menefee and a smaller portion to oppose Green. Previously, Green received an “F” rating from Stand With Crypto due to his opposition to legislation including the GENIUS Act and the Clarity Act. Fairshake stated it will continue actively supporting leaders like Menefee across the United States.
Coinbase Executive: Not Concerned About Wall Street’s Increased Competition in Cryptocurrency; Calls for Prompt Implementation of Reasonable Regulation
According to CoinDesk, Katie Harries, Coinbase’s Head of European Policy, stated that Coinbase is not concerned about increased participation in the cryptocurrency space by major Wall Street institutions and traditional financial institutions, noting that the crypto industry possesses a community foundation that traditional financial institutions cannot replicate. She pointed out that the advocacy group Stand With Crypto already has over 3.7 million members worldwide, who have contacted legislators more than 2.5 million times. Harries also emphasized that cryptocurrency voters have become a lasting force in the global political landscape, and policymakers should urgently advance a coordinated and reasonable regulatory framework for cryptocurrencies.
Coinbase CEO: CLARITY Act Closer Than Ever to Passage
Coinbase CEO Brian Armstrong stated that the "CLARITY Act" is "closer than ever" to advancing toward passage.Brian Armstrong noted that the bill would make the US financial system faster, cheaper, and more inclusive, helping the United States maintain its leadership in the competition for the next-generation global financial system.He also expressed gratitude to US Senate staff and the 3.7 million Stand With Crypto supporters, stating that these groups have driven the bill to its current stage.
Tether Executive Warns Midterm Elections in 2026 Could Have “Significant Impact” on Crypto Industry
According to CoinDesk, Jesse Spiro, Head of Government Affairs at Tether, stated at the Consensus Miami 2026 summit that the 2026 U.S. midterm elections will be a critical test of whether Washington’s recent crypto-friendly policies can endure. He noted that although legislative progress has been made—such as with the GENIUS Act—the election outcome could still have a disruptive impact on the industry’s trajectory, emphasizing that “crypto should not be partisan.” Colin McLaren, Head of Government Relations at the Solana Policy Institute, said the industry’s political efforts have now shifted toward “durability,” ensuring Congress continues advancing priority issues like tax reform and developer protections in the future. Mason Lynaugh, Executive Director of Stand With Crypto, stated that the organization’s nearly 3 million members view the election as a “moment of accountability,” and that highly mobilized crypto voters could sway election outcomes in key districts.