Crypto Firms Rally Behind CLARITY Act Ahead of Key Congressional Review

More than 60 cryptocurrency firms, including industry heavyweights like OpenSea and advocacy group Stand with Crypto, have united to push for the Digital Asset Market Clarity Act of 2025. The coalition represents 52 million U.S. crypto holders and over 6,100 jobs across 21 states, signaling the sector's growing economic heft.

The bipartisan legislation, introduced May 29 by Rep. French Hill (R-AR) and Democratic co-sponsors, seeks to resolve regulatory ambiguities by delineating jurisdictional boundaries between the SEC and CFTC. Its swift progression through Senate and Agriculture Committee approvals in June underscores mounting political recognition of crypto's systemic importance.

In their joint letter to House lawmakers, the companies warned of eroding U.S. leadership in digital assets, framing the CLARITY Act as essential infrastructure for consumer protection and innovation. The bill's structured framework promises developers clear compliance guidelines while offering investors safeguards against fraud and market abuse.

Congress will debate the measure during crypto policy week starting July 14, alongside the stablecoin-focused GENIUS Act and Anti-CBDC Surveillance legislation. This legislative trifecta could reshape America's financial regulatory landscape for the blockchain era.