Stand With Crypto Calls on Senate Banking Committee to Seize Historic Opportunity to Pass Landmark Crypto Market Structure Legislation

WASHINGTON, D.C. — Stand With Crypto, the nation’s leading crypto advocacy organization, today called on the U.S. Senate Banking Committee to advance the Digital Asset Market Clarity Act at a planned Thursday committee markup — a pivotal step toward delivering the comprehensive market structure legislation that millions of U.S. crypto owners, developers, and investors have been waiting for. Tomorrow’s markup of the legislation represents the culmination of nearly a year of bipartisan negotiations, rigorous committee work, and extensive stakeholder input — including growing calls for action from Stand With Crypto’s nearly 3 million grassroots advocates who have been organizing, mobilizing, and urging Congress to pass the landmark legislation.

Stand With Crypto has scored lawmakers' votes on digital asset legislation and incorporated those scores into public politician scorecards — making clear to every elected official that their position on crypto is on the record. The organization is tracking Thursday's markup in real time and will incorporate Committee members' votes into its scorecards.

Mason Lynaugh, Stand With Crypto’s Executive Director, released the following statement:

"Thursday's markup is the moment the Senate has been building toward — and the moment America's 52 million crypto owners have been fighting for. The Digital Asset Market Clarity Act is bipartisan, it is battle-tested, and it is urgently needed. Stand With Crypto applauds the Committee for their tireless work to get us here, and we are calling on every member of the Senate Banking Committee to seize this opportunity. Millions of crypto voters are closely watching and are sending Congress a clear message: the time for rules of the road is now."

A Year of Hard-Won Bipartisan Progress

The legislation arriving at Thursday's markup is the product of a deliberate, bipartisan legislative process. Chairman Tim Scott first released the Committee’s market structure principles in June 2025, followed by an initial discussion draft and a formal Request for Information to dozens of industry stakeholders in July 2025. A second discussion draft followed in September 2025, incorporating extensive feedback from regulators, law enforcement, financial institutions, innovators, and consumer advocates. The legislation now before the Committee reflects months of good-faith negotiations between Republicans and Democrats, on and off the Committee.

This legislation builds on strong momentum: the U.S. House of Representatives passed its companion CLARITY Act last year with overwhelming bipartisan support — a 294-134 vote — and the GENIUS Act, establishing a regulatory framework for stablecoins, has already been signed into law by President Trump.

Stand With Crypto Building Grassroots Momentum

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 is accelerating ahead of Thursday'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.
• Stand With Crypto brought its state chapter presidents together to urge the Senate Banking Committee to swiftly advance the market structure legislation. 

Crypto owners — 52 million strong — are an engaged, organized, and growing voting bloc. They are watching the Senate Banking Committee, and they will remember who stood with them.

What's at Stake and the Path Forward

The stakes of Thursday's markup could not be higher: Without clear federal rules of the road for digital assets, the U.S. risks ceding its leadership in one of the most consequential technological and economic sectors of the 21st century. The legislation would establish clear regulatory jurisdiction between the SEC and CFTC, protect retail investors, combat illicit finance, crack down on bad actors and foreign adversaries, and ensure that the next generation of financial innovation is built here in the United States — not overseas.

Stand With Crypto is calling on all members of the Senate Banking Committee to support advancing the legislation out of committee and onto the Senate floor without delay. Passing this legislation will protect consumers, foster innovation, create jobs, and keep America at the forefront of the global digital economy — a goal that transcends party lines.

"America has always led the way on financial innovation," Lynaugh continued. "The market structure legislation gives us the chance to make sure that continues. We urge the Committee to vote yes on Thursday — and we urge the full Senate to move swiftly to send this bill to President Trump's desk."