More than 100 US crypto companies have jointly urged the Senate to advance the Clarity Act.

CoinFeed reported on April 23 that, according to CoinDesk, over 100 U.S. crypto companies and industry organizations have sent a letter to the Senate Banking Committee, urging formal consideration and legislative advancement of the Clarity Act to establish a federal-level market framework for digital assets. The signatories include Coinbase, Ripple, Circle, Kraken, a16z, and Paradigm, emphasizing that regulatory enforcement alone cannot provide stable rules and warning of the risk of returning to a situation where "regulatory enforcement replaces legislation." The letter outlines six legislative priorities, including clarifying the division of labor between the SEC and CFTC, protecting developers of non-custodial instruments, preserving consumer rewards related to stablecoin payments, simplifying disclosure rules, and using federal standards to avoid fragmented state regulations and prevent capital and job outflows to other jurisdictions with established frameworks.