Stand With Crypto Applauds Senate Banking Committee for Advancing Market Structure Legislation
Crypto advocates nationwide urge Senate to take swift action for final passage of clear “rules of the road” that will unlock innovation, protect consumers, and secure America’s digital asset leadership
WASHINGTON, D.C. — Stand With Crypto — America’s leading crypto advocacy organization — applauded the Senate Banking Committee following its markup and bipartisan advancement of the Digital Asset Market Clarity Act, which would finally establish a clear and constructive regulatory framework for digital assets in the United States that millions of U.S. crypto owners, developers, and investors have been waiting for. Stand With Crypto also called on Senate leadership to continue prioritizing this bill by quickly bringing it to the chamber floor for a full vote.
Stand With Crypto scored senators’ votes on the Banking Committee markup and will incorporate these into lawmakers’ scores on the Politician Scores webpage so that every voter can understand where elected officials stand on crypto priorities.
Following the Senate Banking Committee’s markup, Mason Lynaugh, Stand With Crypto’s Executive Director of Stand With Crypto, issued the following statement:
“Stand With Crypto thanks Chairman Tim Scott and members of the Senate Banking Committee for their leadership and dedication to getting market structure legislation right. We are thrilled by the bipartisan momentum in Congress to enact this much-needed legislation, finally giving crypto users and developers clear rules of the road that will unlock innovation, protect consumers, and allow our community to secure America’s leadership in the global blockchain economy.
“Our more than 2.9 million advocates nationwide are eagerly awaiting the Clarity Act’s ultimate passage. It has been our advocates’ top legislative priority for years and our community is excited to show up in November for the lawmakers who have stood with us. As our recent polling shows, nearly 80% of crypto owners in battleground states are ‘almost certain’ to vote, and 74% say they would be more likely to support a candidate who supports making clearer regulations for cryptocurrency.
“We urge Senate leaders to bring the Clarity Act to the floor for a final vote. It is past time to provide common-sense oversight for digital assets and ensure a more innovative, competitive, and consumer-friendly financial system for all Americans.”
Stand With Crypto has spent months mobilizing its network of nearly 3 million advocates across all 50 states to build momentum for this legislation — and that activation accelerated ahead of today’s markup:
- Advocates have driven tens of thousands of contacts to their Members of Congress in recent weeks urging passage of market structure legislation. In just three days, Stand With Crypto’s petition calling on the Senate Banking Committee to set a date for markup generated nearly 30,000 signatures from advocates in all 50 states. Stand With Crypto advocates hand-delivered copies of this petition to the Capitol Hill offices of all Senate Banking Committee members.
- This year alone, Stand With Crypto advocates have called or emailed their members of Congress in support of market structure legislation more than 300,000 times, held multiple Washington, D.C., fly-ins to meet directly with lawmakers, and have hosted hundreds of events in communities across the country.
Over the past two years, Stand With Crypto has built a community-led movement to mobilize and harness the voice of America’s 52 million crypto owners into a powerful and unified voting bloc, championing clear, common-sense regulations for the crypto industry and unlocking crypto’s innovation potential while fostering greater economic opportunity and freedom.
