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Key priorities include defining clear SEC and CFTC oversight roles, protecting non-custodial developers, simplifying disclosure rules, and avoiding a patchwork of state laws.
The letter cites the risk of returning to "regulation by enforcement," referring to a series of court cases brought by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) that defined policy under President Joe Biden.
More than 100 signatories are backing the effort. These include high-profile companies including Coinbase, Circle Internet, Kraken, Ripple, Andreessen Horowitz, Paradigm, Consensys, Anchorage Digital and Galaxy Digital alongside developer groups, state blockchain associations and university chapters of Stand With Crypto.
The coalition flagged six priorities for lawmakers to address. These include preserving consumer rewards tied to payment stablecoins, defining oversight roles for the SEC and CFTC, and protecting developers who build non-custodial tools.
It also called for disclosure rules that are easier to follow and a federal standard that avoids a patchwork of state laws.
Other major jurisdictions, such as the European Union, have already enacted comprehensive cryptocurrency frameworks, and the group warned that the absence of U.S. legislation risks pushing investment, jobs and development offshore.
America needs clear, comprehensive rules for digital asset markets. It is a global race to the top, and it is important for the U.S. to lead,” Ji Hun Kim, CEO of the Crypto Council for Innovation, in an email.
The Senate Banking Committee can build on years of bipartisan work and the GENIUS Act's success by advancing legislation that delivers regulatory clarity, robust consumer protections, and strong safeguards for developers. A markup will move us closer to durable rules that ensure the U.S. sets the global standard for digital asset markets,” Kim said.
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UK Prime Minister Sir Keir Starmer has said he is "not going to yield" to pressure from the US president to join the conflict in Iran.
It comes after Donald Trump told Sky News that when the US asked the UK for help "they were not there". He also suggested the tariff agreement with the UK "can always be changed".
Sir Keir told the Commons: "I'm not going to change my mind, I'm not going to yield, it is not in our national interest to join this war and we will not do so."
Trump has persistently criticised the prime minister after he refused to join offensive measures in the US-Israel war against Iran when it began in late February.
Responding to a question from Liberal Democrat leader Sir Ed Davey about Trump's latest comments, Sir Keir told Prime Minister's Questions: "My position on Iran has been clear from the start, we're not going to get dragged into this war."
It is not our war, a lot of pressure has been applied to me to take a different course and that pressure included what happened last night."
I'm not going to change my mind, I'm not going to yield, it is not in our national interest to join this war and we will not do so. I know where I stand."
In his interview with Sky News, Trump was asked how he would describe the special relationship between the US and the UK. He said: "It's the relationship where when we asked them for help, they were not there. When we needed them, they were not there.
When we didn't need them, they were not there. And they still aren't there." Asked how he would describe the "special relationship", Trump responded: "With who?"
Pressed further on the relationship, Trump said it had "been better, but it's sad
And we gave them a good trade deal. Better than I had to. Which can always be changed."
In May last year, the UK became the first country to agree a tariff agreement with President Trump after his return to office, cutting some import taxes on cars, aluminium and steel.
The relationship between the two countries' leaders has in recent weeks shown signs of strain over the Middle East. Trump has frequently criticised Sir Keir over the prime minister's repeated refusal to sign off direct military involvement in the conflict, labelling him "no Winston Churchill".
The prime minister's spokesperson said the UK continues to have "a close relationship" with the US despite Trump's latest comments.
The special relationship with the US exists on multiple levels, and we have a close relationship with the USA, which spans trade, diplomacy, national security, culture, and beyond. It's far bigger than any individual issue," the spokesperson added.
Chancellor Rachel Reeves has expressed frustration over the war, calling it a "mistake".
Speaking at an event in Washington DC, she said she was "not convinced this conflict has made the world a safer place".
She also told The Mirror on Tuesday: "This is a war that we did not start. It was a war that we did not want. I feel very frustrated and angry that the US went into this war without a clear exit plan, without a clear idea of what they were trying to achieve
In its latest World Economic Outlook, the IMF cut its estimate for UK growth this year to 0.8%, from the 1.3% prediction made in January before hostilities began
The IMF suggested the UK, as a net importer of energy, remained sensitive to rapid rises in energy prices
Earlier in the interview, Trump said he "liked Starmer" but described the UK government's immigration and energy policies as "insane"
However, he said the state of their relationship would not "at all" overshadow the upcoming royal state visit by King Charles and Queen Camilla
I've known the King for a long time, and he's not involved in that process," Trump said.
Asked what he was most looking forward to ahead of late April's royal visit, he responded: "Just being with him. I've known him for a long time. He's wonderful
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The masts of an explosives-filled World War Two ship should be preserved after they are salvaged, according to a new petition.
The SS Richard Montgomery's masts have been visible from Kent and Essex since the US military vessel was wrecked in the Thames Estuary in 1944.
A petition is calling for the masts to be displayed locally after the UK government confirmed they would be removed for safety reasons related to explosives that remain within the wreck.
The US government, which owns the wreck, was contacted for comment, while the Department for Transport (DfT) said it was "too early" to say what will happen to the masts.
The Liberty class cargo ship, built in 1943, ran aground and broke apart in 1944. It now lies about 1.5 miles (2.4km) off the coast of Sheerness on the Isle of Sheppey.
Efforts to salvage the vessel and the 1,400 tonnes of explosives it had been transporting were abandoned when it completely flooded just over a month after becoming stuck.
Government efforts to remove them in case the wreckage fell onto and detonated the cargo were first revealed in 2020 but have been beset by delays.
The masts became a popular draw for tourists.
Sittingbourne and Sheppey MP Kevin McKenna, who started the petition, said the masts were "an important part of our maritime history".
The risk of a major explosion is believed to be remote.
Preserving one in Sheppey and one in Southend would create accessible heritage displays while supporting tourism and community engagement in both areas," he said.
The MP added he "fully supports safe removal and transfer work" and keeping the masts in the local area "ensures this historic landmark is not lost".
We are exploring options with the US Government, which owns the shipwreck, and local authorities."
They added that the DfT's priority "will always be the safety of the public".
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