US Senate · CLARITY Act · Coinbase · U.S. · Bitcoin Magazine
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More than 60 leading crypto executives urged Senate leaders to pass the Digital Asset Market Clarity Act with its blockchain developer protections intact.
Key facts
- The June 9 letter also urged the Senate to preserve companion protections in Clarity Act Section 601, which carves out developers from SEC registration requirements, and Section 207 of the Senate
- The Senate Banking Committee cleared the legislation on May 14, 2026, by a 15-9 vote, with Democrats Ruben Gallego of Arizona and Angela Alsobrooks of Maryland crossing the aisle to join Republicans
- The bill was placed on the Senate Legislative Calendar on June 1, 2026
- The Clarity Act, formally known as H.R. 3633, the Digital Asset Market Clarity Act, has been years in the making
Summary
More than 60 of the most prominent CEOs and founders in the cryptocurrency industry sent a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer on June 9, calling on the full Senate to pass the Digital Asset Market Clarity Act with its blockchain developer protections intact, a provision the signatories described as a non-negotiable condition of their support. The letter, signed by executives from Coinbase, a16z crypto, Uniswap, Solana Labs, Kraken, Paradigm, Galaxy, Ledger, and dozens of other leading firms, focused on Section 604 of the Clarity Act, the Blockchain Regulatory Certainty Act, or BRCA, which shields non-controlling software developers from Bank Secrecy Act obligations and federal money transmission prosecution.
“From core Bitcoin development to novel DeFi smart contract designs, developers need clear legal certainty to openly build, maintain, and contribute to community-driven software projects,” the letter reads.