CLARITY Law News: The Digital Chamber, a cryptocurrency advocacy group with more than 250 members, has escalated a concerted lobbying effort in the U.S. Senate to pass the Digital Asset Market Transparency Act (CLARITY Act) (official number HR 3633), positioning the bill as the industry’s last real legislative window on federal market structure rules before Congress goes into summer recess.
The campaign currently encompasses more than 100 crypto companies operated in parallel by the Cryptocurrency Innovation Council and the Blockchain Association, and follows the promotion of HR 3633, passed by the Senate Banking Committee on a bipartisan vote of 15-9 on May 14, 2026.
Digital Chamber CEO Cody Carbone has publicly stated that any ethics provisions still in the bill will be ironed out before Senate leadership schedules a floor vote.
Congress is finally close to enacting clear, common sense rules regarding digital assets. The Clear Act protects everyday users and keeps American innovation from going overseas. Don’t kill innovation with red tape. Tell your senators to vote yes: https://t.co/pscookyjIt pic.twitter.com/q2lZkxM6QZ
— Digital Chamber (@DigitalChamber) May 28, 2026
This is not just a routine example of crypto lobbying seeking favorable treatment from Congress. It is a precisely timed institutional intervention aimed at bridging the procedural gap between committee progress and floor schedules, a specific period in which bills with bipartisan momentum most often stall under filibuster calculations, competing calendar priorities, and coordinated opposition, as well as creating a legislative record that reframes the industry’s central complaint: a decade of executive regulation done through agency action rather than legislative authority.
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Clarity Act News: CLARITY Act legislative status: Senate floor calculations, committee coordination requirements, and August calendar window
The CLARITY Act passed the U.S. House of Representatives by a 294-134 margin in July 2025, establishing broad bipartisan standards before the bill was sent to the Senate. The Senate Banking Committee advanced on a 15-9 vote on May 14, 2026, with Democrat Ruben Gallego (D-Ariz.) joining all 13 Republicans in voting in favor. This is the second major procedural milestone for the bill, but the path to a vote in the full Senate remains structurally complex.
The Banking Committee’s version must first be reconciled with another version advanced by the Senate Agriculture Committee before it can be reconciled, a consolidation process that concerns the SEC and CFTC jurisdictional divisions that are central to the bill.
This mechanism works as follows. The CLARITY Act formally splits oversight of digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) by introducing a legal definition of “digital goods” and a “mature blockchain” test, which measures token concentration, governance decentralization, and network usage to determine when a particular token transitions from securities to commodity jurisdiction.
This framework would replace the current enforcement-driven environment, where the SEC applies the Howie Test on a case-by-case basis without being bound by safe harbor rules, with a statutory architecture that asset managers, payment processors, and fintech companies can rely on in their capital deployment decisions.
Sen. Cynthia Lummis has indicated that a floor vote could occur by August 2026, but the bill would need 60 votes to clear the Senate filibuster threshold, a numerical hurdle that would require substantial Democratic support beyond the already secured single-committee threshold.
The bill’s impact on stablecoin regulation, second only to its market structure provisions, has attracted particular attention from companies specializing in payments. Proponents argue that the CLARITY Act would clarify which tokens fall under commodity rules and operationally enable the integration of banking, payments, and stablecoins that is not possible in the current enforcement-only environment.
Coinbase has separately argued that the bill directly addresses SEC regulatory overreach, a position that is structurally consistent with the Digital Chamber of Commerce’s opposition to regulatory enforcement.
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Digital Chamber of Commerce Campaign: What the Coalition Wants and Why the Strategic Logic Extends Beyond Defined Policy Goals
In a letter to the Senate Banking Committee in April, the Digital Chamber of Commerce warned of what the industry calls “Operation Choke Point 2.0.” This is an informal pressure campaign by federal regulators to pressure virtual currency companies to debank without formal rulemaking, and he pointed to this as a specific harm that the CLARITY Act would remedy by forcing government agencies to act through statutory channels subject to Congressional oversight.
CEO Cody Carbone has publicly insisted that an ethics agreement surrounding officials who profit from cryptocurrencies, a provision related to the Trump family’s involvement in cryptocurrencies and flagged as unresolved by Sen. Elizabeth Warren (D-Mass.), will be completed before the bill comes to the floor. His precise framing that the Senate leadership “will only bring it to the floor if they are confident they have 60 points” shows that the Coalition is targeting certainty of a whip count, not just access to the floor.
It is already too easy for our adversaries to misuse cryptocurrencies to move billions of dollars.
We should strengthen our standards and not create new gaps that our adversaries can exploit.
Clarity laws should not be passed as written. pic.twitter.com/hXIjjhXKyl
— Elizabeth Warren (@SenWarren) May 28, 2026
The coalition’s members, including Coinbase, Ripple, Kraken, Circle, Andreessen Horowitz, and Paradigm, are coordinated across the Digital Chamber, the Blockchain Association, and the Crypto Council for Innovation, with Stand With Crypto issuing a parallel call to action for its constituents, and represent a degree of industry collaboration that has not been consistently present in previous legislative cycles.
We believe that the secondary organizational role of this campaign is to create a documented lobbying record that strengthens the industry’s litigation and rulemaking posture if the bill fails this Congress, and to demonstrate coordinated legal intent that can be cited in subsequent judicial reviews of agency proceedings and enforcement actions.
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