Three of the leading U.S. digital asset trade associations — the Crypto Council for Innovation, the Digital Chamber, and the Blockchain Association — have jointly called on Senate leadership to bring the Digital Asset Market CLARITY Act to the Senate floor ahead of the chamber's August recess.

In a combined letter delivered on Friday to Majority Leader John Thune and Minority Leader Chuck Schumer, the organizations urged that floor consideration of the CLARITY Act be treated as a priority, emphasizing that the legislation would establish durable national guidelines for digital assets. The bill is designed to draw a clearer line between the regulatory jurisdictions of the Securities and Exchange Commission and the Commodity Futures Trading Commission, addressing a division that digital asset firms have long described as ambiguous and a source of litigation risk.

The 3 leading U.S. digital asset trade groups — @BlockchainAssn, @crypto_council, and @DigitalChamber — express strong support for Senate floor consideration of the Clarity Act. The time is now for Clarity. pic.twitter.com/F1KuZkw0KO — Blockchain Association (@BlockchainAssn) July 24, 2026

Industry Cites Growing Adoption and Regulatory Fragmentation

The groups estimate that nearly 67 million Americans currently own digital assets, and they argue that both consumers and businesses increasingly rely on coherent federal regulation. Banks and payment companies continue to adopt blockchain technology, yet federal lawmakers have not enacted a unified market structure framework for the sector.

Under the existing system, digital asset companies face a patchwork of state licensing and compliance regimes, creating uncertainty for businesses and investors operating across different jurisdictions. The SEC has pursued numerous enforcement actions against major digital asset platforms in the absence of tailored legislation, a strategy industry participants say has pushed activity offshore.

The organizations also pointed to prior congressional momentum: last year, 78 House Democrats joined Republicans in voting for comparable market structure legislation. The European Union, meanwhile, has begun implementing its own comprehensive digital asset framework, the Markets in Crypto-Assets Regulation (MiCA), intensifying questions about whether the United States is falling behind other major economies in establishing clear rules.

Consumer Protection and Anti-Illicit Finance Provisions

Supporters of the CLARITY Act say the bill would strengthen safeguards against illicit financial activity involving digital assets. It would expand anti-money laundering and sanctions authorities and equip the Treasury Department with additional tools to address emerging financial risks, enabling regulators to more effectively detect and counter bad actors in digital asset markets.

Consumer protection is a central component of the proposed framework. The bill would require intermediaries to maintain strict separation between customer funds and corporate funds at all times. Companies would also be subject to qualified custodian requirements, minimum financial resource standards, and transparent disclosure obligations regarding the risks of digital assets and the characteristics of blockchain technology.

Additionally, the legislation would grant the Commodity Futures Trading Commission (CFTC) authority over digital commodity spot markets. Advocates argue this would close long-standing regulatory gaps, as the CFTC currently oversees derivatives but lacks direct jurisdiction over spot markets for non-securities digital assets.

Call for Bipartisan Cooperation and Timely Floor Vote

While negotiations on the bill remain ongoing, the industry groups expressed support for continued bipartisan discussions. They stressed that cross-party cooperation remains essential to passing comprehensive legislation through the Senate.

Nevertheless, the organizations called on Senate leadership to schedule a floor vote before the recess. They noted that innovators and consumers have waited years for regulatory certainty and that clear rules are necessary to safeguard markets and foster responsible innovation. Whether the bill can secure the 60 votes typically needed to advance major legislation on the Senate floor will depend on continued negotiations between party leaders in the coming weeks.

Backers of the legislation also contend that prompt congressional action would strengthen the United States' position in the global digital economy. The groups argued that establishing a clear regulatory framework would encourage additional investment and technological advancement across the country, and that the industry requires sustained regulatory clarity to remain competitive internationally.