US Crypto Market Structure Bill Faces Senate Delay as Industry Demands Urgent Action

Crypto Industry Push for Senate Banking Committee Markup

A major coalition of crypto firms and trade groups is pressing the U.S. Senate Banking Committee to advance digital asset market structure legislation, warning that delays could weaken U.S. competitiveness in global financial markets. In an April 23 letter, groups led by the Crypto Council for Innovation and the Blockchain Association urged lawmakers to “notice and proceed towards a markup” of the Clarity Act.

The letter was addressed to Chairman Tim Scott, Ranking Member Elizabeth Warren, Subcommittee Chair Cynthia Lummis, and Senator Ruben Gallego. It was signed by Coinbase, Circle, Kraken, Ripple, Uniswap Labs, Andreessen Horowitz, Chainlink Labs, Paradigm, OKX, and Block, among others.

ccording to journalist Eleanor Terrett;

Key Regulatory Disputes Slowing Legislation

The coalition highlighted unresolved issues including stablecoin rewards, SEC versus CFTC jurisdiction over digital assets, protections for decentralized developers, and a unified federal framework across all U.S. states. It warned that ongoing uncertainty risks pushing investment and innovation offshore.

While negotiations continue, some lawmakers, including Senator Bernie Moreno, have suggested the bill could be completed by the end of May, though several policy hurdles still remain unresolved.

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