Coinbase is stepping up its policy game, joining more than 200 other crypto firms and industry groups in a coordinated push for Senate leaders to schedule debate on crypto market-structure legislation already moving through Washington. At the center of that request is the CLARITY Act, and the coalition’s message is procedural: move toward a floor vote rather than start over with a new bill. The key ask is debate and action, not more rounds of draft circulation and definitional fights.
The Digital Asset Market CLARITY Act aims to give the Commodity Futures Trading Commission clearer authority over digital commodities and spot-market trading, while still preserving parts of the Securities and Exchange Commission’s role over certain token launches and fundraising. For years, crypto companies have faced overlapping rules and case-by-case enforcement without a clear statutory framework for who oversees what.
With this coalition letter, firms like Coinbase are signaling that their priority is a more consistent framework for oversight, not more years of uncertainty. Lawmakers and regulators have already done substantial work on market-structure legislation, but turning that process into floor action is a separate hurdle. By pushing publicly now, the industry is trying to turn policy discussions into a concrete step forward this session.