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120+ crypto groups demand Senate act on CLARITY bill to avoid losing innovation offshore

Market News
25 Apr 2026
Crypto news
View Source
Bullish
pluang ai news

Over 120 crypto organizations, including Coinbase and Ripple, sent a joint letter to the Senate Banking Committee urging immediate markup of the CLARITY Act. They warn delays risk pushing crypto investment and jobs overseas and ceding regulatory influence to other countries. The bill aims to clarify SEC and CFTC oversight, protect developers, and create consistent federal rules to prevent a patchwork of state regulations. With Congress recess approaching and unresolved issues remaining, the coalition stresses swift action to keep innovation in the U.S. and avoid regulatory uncertainty.

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