ME News reports that on August 1 (UTC+8), the crypto advocacy group Stand With Crypto announced that supporters have contacted members of Congress regarding the Clarity Act one million times, with just seven days remaining before the Senate adjourns on August 7. The organization stated this is a critical moment and urged advocates to contact senators while Congress is still in session. Major institutions including BlackRock, Fidelity, Goldman Sachs, and Franklin Templeton have publicly endorsed the bill. However, Galaxy Research has lowered the probability of the bill passing by 2026 from 50% to 30%, citing unresolved controversies, Senate voting requirements, and a tightening schedule. On July 27, New York Attorney General Letitia James urged Congress to strengthen crypto regulation and warned that the Clarity Act could limit state and local enforcement against fraudulent platforms. (Source: ODAILY)
Crypto advocates contact Congress 1 million times for the Clarity Bill as the Senate session ends in 7 days
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Summary
Stand With Crypto reported on August 1 that supporters have contacted U.S. lawmakers 10 million times regarding the Clarity Act, as the Senate prepares to adjourn on August 7. Institutional supporters include BlackRock, Fidelity, and Goldman Sachs. Galaxy Research lowered the bill’s probability of passage by 2026 to 30%, citing unresolved issues. New York Attorney General Letitia James warned that the bill could undermine enforcement against fraud. Meanwhile, MiCA is advancing in the EU, and CFT concerns remain a key regulatory focus.
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