More than 200 crypto firms including Coinbase and Ripple urged Senate leaders to advance the CLARITY Act this week. The legislation cleared the Banking Committee but now faces delays as Congress pivots to artificial intelligence bills. Crypto companies say they need regulatory clarity now.
Letter Campaign Gains Traction
Over 200 crypto businesses signed a joint letter to Senate leadership. Coinbase and Ripple made their names public on the document. They specifically asked for a floor vote before summer recess. The letter landed Tuesday morning without fanfare.
Committee Stage Completed
The Senate Banking Committee advanced the CLARITY Act last Thursday. That move followed months of hearings and revisions. The committee’s approval was a necessary hurdle for the bill. Now it requires full Senate action to become law.
AI Bills Take Priority
The Senate is shifting focus to artificial intelligence legislation this month. That change stalls the CLARITY Act’s momentum. Leadership hasn’t set a vote date for either package. Crypto firms now wait while AI bills move to the front of the queue.
Senate staff confirmed the AI legislation has top billing for June. The CLARITY Act’s supporters are left checking calendars for any opening. They’ll likely get no floor time until July at earliest.
