A coalition of more than 120 organizations — including Circle, Coinbase, Chainlink Labs, Kraken, and Ripple — has sent a joint letter to the Senate Banking Committee urging an immediate markup of the Clarity Act, the landmark market structure legislation that has already cleared the House with strong bipartisan support. The push comes after Senator Tom Tillis pressed to delay the bill's markup from April into May, citing unresolved friction between banks and crypto firms over stablecoin rules.
The coalition's letter argues that the legislation would establish clear jurisdictional boundaries, disclosure regimes, and fit-for-purpose rules tailored to digital assets — and that further delay risks eroding the regulatory momentum built over the past year. Senator Cynthia Lumis has added her voice, publicly calling for an immediate markup.
The bill's timeline has slipped repeatedly: October…
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