- Over 100 crypto companies urge Senate to advance the CLARITY Act
- Bill aims to define SEC and CFTC roles and unify US crypto regulation
- Delays in the Senate could derail the bill entirely this year
More than 100 crypto firms, including big names like Coinbase and Ripple, are starting to lose patience, and it’s showing. The group has formally asked the Senate Banking Committee to stop stalling and schedule a markup for the CLARITY Act, which has been sitting in limbo despite strong support elsewhere.
At this point, the message feels pretty direct, the industry wants movement, not more discussions that drag on without a clear timeline.
What the CLARITY Act Actually Tries to Fix
At its core, the CLARITY Act is trying to solve one of crypto’s biggest headaches in the US, which is regulatory confusion. The bill draws a clear line between the SEC and the CFTC, assigning securities-like tokens to the SEC and commodity-like assets to the CFTC, which sounds simple, but it’s something the market has lacked for years.
It also introduces protections for developers working on non-custodial tools, while pushing for a single federal framework instead of the current patchwork of state-by-state rules. That last part alone could significantly reduce friction for companies trying to operate nationwide, though it’s easier said than done.
The Senate Bottleneck Slows Everything Down
The House already passed the bill last July with a surprisingly strong bipartisan vote, so in theory, the hard part should be over. But in reality, the Senate has become the bottleneck, with both the Banking and Agriculture Committees working on separate versions that still need to be aligned.
Negotiations are also getting tangled in specific issues, like stablecoin reward programs, which Senator Thom Tillis is still discussing with banking groups. That single detail, small as it may seem, has already pushed timelines back weeks, showing how fragile the process really is.
A Narrow Window Before It’s Too Late
According to sources close to the discussions, May could be the last realistic chance to move the bill forward this year. If the committee doesn’t act within that window, the CLARITY Act risks fading out entirely, not because of lack of support, but because of timing.
That’s really what the industry coalition is warning about, not just delay, but missed opportunity. While the US debates, other regions are already moving ahead with clearer frameworks, and every week of inaction makes it harder to catch up.
