More than 200 crypto companies and lobbying groups have sent a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging them to schedule a floor vote on the Digital Asset Market Clarity Act (CLARITY Act) without further delay. The letter, shared first with Bloomberg, comes as Galaxy Digital lowers its estimated passage odds for the bill to 60% — a sign that the industry sees momentum but remains uncertain.
200-plus signatories
The coalition spans exchanges, protocols, venture firms, and trade groups — a broad show of force from an industry that's spent years pushing for federal crypto legislation. The letter doesn't mince words: it asks Thune and Schumer to bring the CLARITY Act to the floor "without delay." The Digital Asset Market Clarity Act aims to create a clear regulatory framework for digital assets, a priority for many in the space who argue that the current patchwork of state and federal guidance stifles innovation.
That's a lot of names on one letter. The sheer number — over 200 — underlines how coordinated the push has become. It's not a handful of CEOs writing in; it's a cross-section of the industry making a collective demand.
The odds slip
Galaxy's prediction desk now pegs the CLARITY Act's passage at 60%, down from an earlier estimate. The firm didn't give a reason for the cut, but the shift suggests that while the bill still has a real shot, the path is narrower than it was a few months ago. A 60% probability is still a majority — but just barely. The letter may be an attempt to nudge that number higher by showing the Senate just how many industry players are watching the vote.
Timing matters. The Senate is juggling a packed calendar, and crypto legislation isn't always at the top of the list. The letter is a reminder that a lot of business depends on this one bill moving.
What the letter demands
The message is straightforward: no more committee hearings, no more markups, no more study requests. The industry wants a floor vote. The signatories argue that regulatory clarity would unlock investment, bring more players onshore, and reduce the risk of regulatory arbitrage. Whether that argument lands with Thune and Schumer will determine whether the CLARITY Act gets its shot this session.
For now, the ball's in the Senate leaders' court. The letter is public, the odds are out, and the industry is watching for a calendar announcement.
