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<p><strong>More than 100 crypto companies have rallied behind the CLARITY Act compromise, pressing the Senate Banking Committee to schedule a formal markup that would advance the first comprehensive digital asset market-structure legislation in the United States.</strong></p>
<p>The coalition, organized by the Blockchain Association and the Crypto Council for Innovation, sent a letter to the Senate Banking Committee urging lawmakers to move forward with a <a href="https://theblockchainassociation.org/posts/blockchain-association-crypto-council-for-innovation-and-broader-digital-asset-coalition-urge-senate-banking-committee-to-advance-market-structure-markup" rel="noopener noreferrer nofollow">market-structure markup</a> built around the CLARITY Act framework.</p>
<p>The CLARITY Act, formally introduced as <a href="https://www.congress.gov/bill/119th-congress/house-bill/3633" rel="noopener noreferrer nofollow">H.R. 3633</a> in the 119th Congress, aims to define which digital assets qualify as securities and which fall under commodity regulation. The "compromise" label reflects negotiated changes designed to bridge differences between industry participants and lawmakers on classification thresholds.</p>
<h2 id="why-the-crypto-industry-is-backing-a-compromise-now">Why the crypto industry is backing a compromise now</h2>
<div>
 <p>What to Know</p>
 <ul>
  <li><strong>Industry support:</strong> A coalition of over 100 crypto firms signed a letter backing the CLARITY Act compromise as the basis for market-structure legislation.</li>
  <li><strong>Next step:</strong> The coalition is urging the Senate Banking Committee to schedule a formal markup, the procedural step where senators debate and amend the bill text.</li>
 </ul>
</div>
<p>The coalition letter, <a href="https://www.pymnts.com/cryptocurrency/2026/100-plus-crypto-companies-urge-senate-movement-on-clarity-act/" rel="noopener noreferrer nofollow">reported by PYMNTS</a>, represents a broad cross-section of the industry, from exchanges and custodians to DeFi protocols and venture firms. That breadth matters because previous market-structure proposals stalled partly over internal industry disagreements about how tokens should be classified.</p>
<p>By converging on a single compromise text, the coalition aims to show lawmakers that the industry can speak with one voice on regulatory clarity. For firms operating in legal gray areas, the CLARITY Act would establish clearer rules for when a digital asset transitions from a security to a commodity, a distinction that currently depends on case-by-case SEC enforcement.</p>
<p>The push comes as other crypto policy efforts, including <a rel="noopener noreferrer nofollow">stablecoin legislation under the GENIUS Act</a>, continue to move through Congress in parallel. Industry leaders see market-structure rules as the more foundational piece, setting the jurisdictional boundaries that stablecoin and other narrower bills would operate within.</p>
<h2 id="why-senate-banking-markup-is-the-next-key-test">Why Senate Banking markup is the next key test</h2>
<p>A committee markup is the formal session where senators propose amendments, debate specific provisions, and vote on whether to send a bill to the full Senate floor. Without a markup, the CLARITY Act cannot advance beyond the committee stage regardless of how much industry support it has.</p>
<p>The Senate Banking Committee is central because it holds jurisdiction over securities regulation and financial market oversight. Any legislation that redefines the boundary between SEC and CFTC authority over digital assets must pass through this committee.</p>
<p>Progress has not been smooth. Sen. Thom Tillis indicated in April that <a href="https://www.cryptotimes.io/2026/04/17/clarity-act-stablecoin-text-not-releasing-this-week-says-sen-tillis/" rel="noopener noreferrer nofollow">finalized bill text would not be released</a> as quickly as some had hoped, suggesting ongoing negotiations over specific provisions. That delay underscores why the coalition letter explicitly calls for a markup date, attempting to create public pressure for a concrete timeline.</p>
<p>If the committee schedules and completes a markup, it would signal that bipartisan support exists for at least the compromise framework. A prolonged delay, by contrast, could push the legislation past key congressional calendar deadlines and risk losing momentum entirely.</p>
<h2 id="what-the-compromise-means-for-the-broader-crypto-policy-landscape">What the compromise means for the broader crypto policy landscape</h2>
<p>The CLARITY Act compromise matters beyond its specific provisions because it tests whether the crypto industry can translate lobbying consensus into legislative action. Previous efforts, including the FIT21 Act in the prior Congress, passed the House but stalled in the Senate.</p>
<p>For crypto businesses, issuers, and investors, regulatory clarity on market structure would reduce compliance uncertainty that currently varies by jurisdiction and enforcement action. Projects like <a rel="noopener noreferrer nofollow">Paradigm's PACT initiative</a> and ongoing debates about <a rel="noopener noreferrer nofollow">token legitimacy in markets like Hong Kong</a> illustrate how the absence of clear U.S. rules creates friction across the global industry.</p>
<p>This remains a process story, not a policy outcome. The coalition letter is a lobbying milestone, not a legislative one. The next concrete development to watch is whether the Senate Banking Committee announces a markup date, which would convert industry pressure into procedural action.</p>
<p>Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.</p>
<p><a href="https://bitcoininfonews.com/" rel="noopener noreferrer nofollow">Bitcoininfonews</a> first published the article titled <a href="https://bitcoininfonews.com/?p=36299" rel="noopener noreferrer nofollow">Crypto Industry Backs CLARITY Act Compromise, Urges Senate Banking Markup</a>.</p>

Crypto Industry Backs CLARITY Act Compromise, Urges Senate Banking Markup

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