1,200 Tech Companies Urge Senate to Pass CLARITY Act, Citing Regulatory Uncertainty on June 17

According to the Consumer Technology Association (CTA) on June 17, 2026, the organization representing 1,200 technology companies urged the Senate to advance the CLARITY Act to establish clearer federal digital asset rules. In a letter to Senate Majority Leader John Thune and Minority Leader Charles Schumer, CTA President and CEO Kinsey Fabrizio stated that regulatory uncertainty complicates compliance, product launches, and investment planning for businesses developing blockchain-based products and services.

The CTA noted that clearer rules are essential for U.S. competitiveness as other jurisdictions attract investment with more defined regulatory frameworks. The legislation has already passed the House with bipartisan support and advanced through the Senate Banking Committee.