Coinbase CEO Brian Armstrong said on Thursday that the CLARITY Act is ready for a full Senate vote, as the crypto industry ramps up its lobbying push. Stand With Crypto, a Coinbase-backed advocacy group, reported 950,000 contacts with lawmakers as of July 22. The bill would create a federal framework for digital assets — a long-sought goal for the industry.
What the CLARITY Act does
The CLARITY Act is a federal digital asset framework bill. It aims to set clear rules for how cryptocurrencies and blockchain projects are regulated at the national level, replacing the current patchwork of state-by-state guidance. Supporters say the bill would give businesses and investors the legal certainty they need to operate in the U.S. without fear of sudden enforcement actions.
The advocacy push
Stand With Crypto has been coordinating grassroots efforts to pressure senators. The group's tally of 950,000 contacts — emails, calls, and meetings — shows the scale of the campaign. Armstrong's public statement Thursday is the latest signal that the industry believes the bill has enough support to move forward. The timing isn't accidental: the Senate is in session, and advocates want a vote before the August recess.
Senate next steps
The bill now heads to the Senate floor. Majority leadership will decide when to schedule debate and a final vote. No date has been set yet, but the pressure from both the industry and its advocacy arm suggests a push for action in the coming weeks. The question is whether the CLARITY Act can clear the 60-vote threshold needed to overcome a potential filibuster. That's where the 950,000 contacts come in — a number the group hopes will translate into yes votes.
