Crypto Advocates Contact Congress 1 Million Times as CLARITY Act Pressure Builds
Stand With Crypto, a U.S. crypto advocacy organization with roughly 3 million registered advocates, has reiterated that supporters have contacted Congress nearly 1 million times as the group renews its campaign for the CLARITY Act. The outreach underscores sustained public engagement with digital asset policy as lawmakers face a narrowing legislative calendar. The organization’s 2025 report stated that advocates sent more than 925,000 emails to Congress that year and over 1.1 million since the group’s founding.
The CLARITY Act would create a federal regulatory framework for digital assets, clarifying whether the Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission (CFTC) oversees a cryptocurrency or market intermediary. Its provisions would affect exchange registration, asset listings, customer disclosures, and enforcement involving fraud or manipulation.
The bill gained new support this week from major financial institutions and the nation’s largest police organization. Fidelity, which reported $7.1 trillion in managed assets and $18 trillion in assets under administration for 2025, urged senators to pass the legislation, arguing that nationwide rules would strengthen investor confidence and provide regulatory certainty. Goldman Sachs CEO David Solomon also backed the bill, adding a prominent Wall Street voice to the campaign.
The Fraternal Order of Police (FOP), representing 382,000 active and retired officers, endorsed the revised bill after changes preserved protections for criminal investigations, suspicious-transaction holds, and digital asset seizures. House Majority Whip Tom Emmer called the endorsement “big news,” stating that FOP support would help ensure the United States remains a global leader in digital assets.
Senate action remains uncertain, with no floor vote scheduled. Grayscale research chief Zach Pandl warned that the bill could be overtaken by midterm election politics if it does not clear the Senate in the next two weeks. Senator Cynthia Lummis (R-WY) released revised text on July 22, combining work from the Senate Banking and Agriculture committees. The proposal divides oversight between the SEC and CFTC while establishing registration, disclosure, and customer-asset requirements for digital asset businesses. The Senate Banking Committee previously advanced the legislation in a bipartisan 15-9 vote.
However, seven Senate Democrats stated that the latest draft still falls short on ethics, consumer protection, illicit finance, conflicts of interest, and market integrity. Their objections center partly on restrictions governing digital asset activity by elected officials and their families. The revised bill would prohibit federal officials and their spouses from issuing or sponsoring digital assets for compensation, require divestment or blind trusts in some cases, and impose penalties on intermediaries that knowingly list prohibited tokens. Negotiators are expected to continue discussions, but the unresolved dispute leaves the timing of Senate action uncertain.