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The U.S. digital asset industry is pressing Congress to move faster on crypto market structure legislation as regulatory competition intensifies globally. On April 23, 2026, the Blockchain Association, the Crypto Council for Innovation, and over 90 organizations — with total support exceeding 100 when including Stand With Crypto chapters — urged the Senate Banking Committee to advance a markup of the CLARITY Act, arguing that a federal framework is now essential for market certainty, consumer protections, and long-term U.S. competitiveness.
In a joint letter to Senate Banking Committee leaders, the coalition stated that current momentum in Washington should translate into formal legislative action. The signatories included exchanges, venture firms, infrastructure providers, advocacy groups, and digital asset firms and organizations, including Coinbase, Circle, Kraken, Andreessen Horowitz, Chainalysis, Uniswap Labs, and Ripple.
The letter noted that the committee’s work follows years of bipartisan engagement across congressional offices and federal agencies. It also argued that agency activity alone cannot provide a lasting solution for the sector. The coalition warned against a return to “regulation by enforcement,” which it said created prolonged uncertainty for builders and market participants. It added:
The industry is positioning market structure as a foundational issue rather than a narrow compliance requirement. The letter explains that a comprehensive federal framework would clarify regulatory jurisdiction, introduce disclosure standards tailored to digital assets, and establish consistent rules across all 50 states. It also outlines key priorities, including maintaining consumer rewards linked to payment stablecoins, enabling oversight by the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) for tokenized financial instruments, safeguarding decentralized technology developers and service providers, and enhancing disclosure and token certification processes.
For crypto firms, investors, and developers, those issues affect where products launch, how businesses scale, and whether capital remains in the U.S. or moves offshore. For policymakers, the stakes include jobs, innovation, and the country’s strategic position in digital finance.
The broader argument in the letter is that the U.S. can still set the global standard if Congress acts while bipartisan engagement remains active. The coalition said the country’s leadership in financial markets has historically depended on clear rules, strong institutions, and openness to innovation. It used that point to position market structure legislation as a decision with near-term and long-term consequences for the digital asset economy. The letter concluded:
That outlook gives the issue relevance beyond the crypto sector, because the Senate’s next move could influence how digital assets are regulated, developed, and integrated into U.S. financial markets.
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