Crypto lobbying coalition presses Senate to advance the CLARITY Act after mid-May vote

More than 100 crypto companies and trade groups are ramping up their push for U.S. Senate backing of the CLARITY Act, arguing it is a narrowing chance to lock in federal rules before legislative momentum fades. The Senate Banking Committee cleared the bill in mid-May, while advocacy campaigns and public calls for action intensified on May 26, 2026. Supporters say the measure would require formal rulemaking around bank-crypto access and could affect fiat on/off-ramps used by exchanges including Coinbase, Kraken, and Gemini.