On July 24, Blockchain Association, Crypto Council for Innovation (CCI), and The Digital Chamber wrote a letter to the Majority Leader in the Senate and expressed their support in favor of Senate floor consideration of the Digital Asset Market Clarity (Clarity) Act to “establish a comprehensive framework for the regulation of digital assets in the United States.”
Leading Industry Organizations Send Joint Letter to Senate to Advance Clarity Act
In the joint letter, the digital asset groups have highlighted the growing adoption of digital assets in America, as almost 1 in 4 people own digital assets.
The groups mentioned that “the time is now for Clarity,” saying that the bill is important for giving the sector the regulatory clarity it has been waiting for. In their letter to Senate Majority Leader John Thune and other key leaders, they urged quick action to keep the U.S. leading in digital asset innovation, while also boosting consumer protections and national security.
“Traditional financial institutions, asset managers, and payment companies have recognized the inherent value of blockchain technology and are increasingly integrating digital assets into their products and services. Yet, there is no federal framework to delineate rules clearly for digital asset businesses and innovators, leaving American investors, consumers, and builders without uniform protections or necessary guardrails to support responsible innovation,” stated in the letter.
The CLARITY Act is a bill that would establish clear federal rules for digital assets. It splits oversight between the SEC, which would handle assets with investment features, and the CFTC, which would handle digital commodities on decentralized networks. The bill also covers stablecoins, DeFi, consumer protection, anti-money laundering rules, and a bank on retail CBDCs. It passed the House with strong support from both parties in 2025 and cleared the Senate Banking Committee earlier this year.
This comes after the Blockchain Association reached out to the U.S. Senate to raise its demand to provide protections for software developers in the Digital Asset Market Clarity Act (CLARITY ACT).
Major Law Enforcement Backing Supports Bill to Advance
The National Fraternal Order of Police, one of the largest law enforcement groups in the U.S., has endorsed the latest version of the bill. The FOP said that the revised language in the Blockchain Regulatory Certainty Act addresses past concerns about law enforcement’s ability to investigate crypto crimes. This support is important because police groups have previously raised issues with earlier drafts over protections for blockchain developers and infrastructure providers.
The FOP clarified that the BRCA rules were not changed in the latest draft, suggesting their support comes from clarifications that keep enforcement tools intact while protecting innovation. Other law enforcement groups, including the Federal Law Enforcement Officers Association, have also raised support for DeFi accountability.
The National Black Church Initiative, a coalition of 150,000 African American and Latino faith communities representing 27.7 million members, is calling on the Senate to pass the Clarity Act. They back the bill because it supports two major priorities, including stronger consumer protections and more economic opportunity.
“NBCI believes responsible public policy should encourage technological advancement while ensuring fairness, transparency, and equal opportunity for all Americans. As our nation continues to shape the future of digital innovation, timely legislative action is essential,” stated in the post on X.
Supporters say the CLARITY Act would end the era of “regulation by enforcement,” reduce uncertainty that has forced innovations to move outside the country, and create clear rules that protect consumers while ensuring growth of the digital asset. Major companies, trade groups, President Trump, and several Republican leaders have raised support for the bill.
However, there are some challenges associated with the bill. Some Democrats are still raising doubts about ethics rules for officials despite U.S. President Donald Trump’s and Senate Republicans agreeing to a White House-backed ethics provision for the Digital Asset Market CLARITY Act. On July 23, Senator Cynthia Lummis full text of the bill, opening a door for a full Senate floor vote.
