Over 200 Crypto Firms Join Coalition Demanding Senate Vote on CLARITY Act After 15-9 Committee Approval

More than 200 cryptocurrency organizations, including Coinbase, Kraken, Andreessen Horowitz, Ripple, and Circle, have signed a joint petition urging U.S. Senate leadership to bring the CLARITY Act to a floor vote. The massive coalition—led by Stand With Crypto, the Blockchain Association, and the Crypto Council for Innovation—seeks to replace regulatory ambiguity with a federal framework establishing clear standards for digital assets, non-custodial developers, and stablecoins.

The push follows the Senate Banking Committee's bipartisan 15-9 approval in mid-May 2026. However, industry advocates face mounting obstacles: intense opposition from traditional banking groups over stablecoin yield restrictions, ethical concerns from Democratic lawmakers regarding conflicts of interest, and a tightening legislative calendar before August recess. Galaxy's policy desk recently lowered its estimated probability of the CLARITY Act becoming law in 2026 from 75 percent to 60 percent, while JPMorgan analysts place odds below 50 percent.