More than 100 crypto firms urge Senate to move on U.S. market structure bill
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- 100+ crypto firms including Coinbase and Ripple urged the Senate Banking Committee to markup the Clarity Act for a federal digital‑asset framework.
- Senate Banking Committee chaired by Tim Scott and overseen by ranking member Elizabeth Warren has not scheduled a markup despite the coalition’s letter.
- Six priorities were outlined—SEC vs CFTC oversight, non‑custodial developer protection, stablecoin reward preservation, simplified disclosures, and a unified federal standard—to avoid a patchwork of state laws.
Why it matters: The U.S. crypto industry, represented by over 100 firms, loses billions in investment and jobs as the Senate delays the Clarity Act, eroding America’s global tech leadership.
