TLDR
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Crypto Week heats up as Coinbase pushes for swift CLARITY Act passage
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CLARITY Act seeks to define SEC and CFTC roles in crypto regulation
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Crypto groups urge U.S. to lead global digital finance with clear rules
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Trump’s crypto ties stir Democrat opposition to regulatory reform bill
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65 organizations back CLARITY Act to fuel U.S. blockchain innovation
Crypto regulation is in sharp focus as Coinbase and 65 blockchain-related organizations intensify pressure on U.S. lawmakers. Ahead of “Crypto Week” starting July 14, these groups urge swift passage of the CLARITY Act. They argue that the U.S. must move decisively on crypto regulation to maintain its edge in global digital finance.
Crypto advocacy group urges U.S. Congress to support Digital Asset Market Clarity Act
Crypto advocacy group Stand With Crypto has called on U.S. House lawmakers to back the Digital Asset Market Clarity Act, according to @TheBlock__ . The proposed legislation seeks to establish a…
— CoinNess Global (@CoinnessGL) July 8, 2025
The CLARITY Act aims to establish a functional framework for how the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) oversee digital assets. Coinbase and its partners believe the lack of such a structure restricts innovation and delays institutional involvement. Therefore, the bill prioritizes jurisdictional clarity and regulatory standards that apply across the crypto ecosystem.
While the House prepares for a key vote, the bill faces political hurdles that could delay progress despite widespread industry support. Lawmakers will also examine two other bills, the GENIUS Act and the Anti-CBDC Surveillance State Act. These three measures could reshape U.S. crypto oversight, depending on the final decisions during Crypto Week.
CLARITY Act Defines Regulatory Roles and Responsibilities
The CLARITY Act assigns primary crypto oversight to the CFTC and grants the SEC authority over digital securities. This distinction intends to reduce overlapping regulations and create streamlined supervision. The bill also mandates financial disclosures and requires firms to separate corporate and customer funds.
Supporters believe these measures will protect users and developers alike and offer protection and confidence. Coinbase and aligned groups emphasize the urgency of consistent rules, particularly as other nations adopt crypto-friendly policies. They argue the CLARITY Act will help avoid further talent migration abroad.
Crypto groups stress that regulation should support innovation rather than restrict it. They say standardized oversight can protect consumers while encouraging responsible blockchain growth. They assert that a strong market structure is essential for America’s digital economic future.
Trump’s Crypto Ties Complicate Legislative Path
Some Democrats oppose the CLARITY Act due to President Donald Trump’s deepening crypto involvement. Reports estimate Trump has profited over $620 million from ventures tied to NFTs, stablecoins, and tokens. These concerns could stall bipartisan cooperation on the bill’s advancement.
House Democrats have described the bill as rushed and incomplete, citing insufficient consumer safeguards. Ranking member Maxine Waters criticized the framework, saying it could legitimize questionable crypto activities and expose users to new risks.
Republicans must now navigate a divided Congress while preserving Trump’s backing. Senate Banking Committee Chair Tim Scott said a market structure bill remains a priority before September ends. The Senate Banking Committee plans a hearing this week to further shape its version of the legislation.
Industry Calls for Swift Passage During Crypto Week
Stand With Crypto, a Coinbase-backed advocacy group, leads the lobbying campaign for the CLARITY Act. The group recently submitted a letter signed by 65 organizations representing thousands of jobs across 21 states. Their goal is to rally congressional backing before the August recess.
The group insists regulatory clarity must come now to prevent further setbacks in U.S. crypto development. They argue the bill will open doors for inclusion, security, and long-term innovation across the digital asset space. Clear rules, they say, are the key to unlocking blockchain’s potential.
