Crypto Council for Innovation, Blockchain Association Express Strong Support for Markup of the Clarity Act

Washington, D.C. (May 12, 2026) – Today, the Crypto Council for Innovation (CCI) and Blockchain Association (BA) sent a joint letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs expressing strong support for the Committee's upcoming markup of digital asset market structure legislation and applauding the release of updated Clarity Act text.

Addressed to Chairman Tim Scott, Ranking Member Elizabeth Warren, Digital Assets Subcommittee Chairwoman Cynthia Lummis, and Ranking Member Ruben Gallego, the letter urges Committee members to support the legislation at markup and continue working toward a final, bipartisan framework. The signatories argue that a clear federal framework is essential to protect consumers, support responsible innovators, and secure U.S. leadership in digital asset markets.

"The Senate Banking Committee's markup is a defining moment for American leadership in digital asset markets," said Summer Mersinger, CEO of Blockchain Association. "The release of updated Clarity Act text reflects months of serious bipartisan work, and we urge Committee members to advance this legislation and keep the next generation of financial innovation building here at home."

"Passage of the GENIUS Act showed what clear rules can do, and the Clarity Act gives Congress the opportunity to extend that same principle to the broader digital asset market," said Ji Hun Kim, CEO of the Crypto Council for Innovation. "Without a comprehensive federal framework, developers, capital, companies, and market activity will continue to migrate overseas. The right framework will further strengthen U.S. financial markets, reinforce market integrity, support law enforcement, and cement the United States’ role as the leader of digital asset innovation.

The letter underscores that digital asset markets are global, growing, and increasingly central to the future of finance. It argues that the Clarity Act presents Congress with the opportunity to establish clear oversight, protect consumers, and give responsible innovators the certainty they need to build, hire, and scale in the United States.

Both organizations stand ready to continue serving as constructive resources as the Senate Banking Committee advances market structure legislation.