Crypto and banking lobbyists flood senators' home states ahead of Clarity Act vote
During the Senate recess, crypto advocates and banking groups have launched a grassroots lobbying push in senators' districts to influence the upcoming procedural vote on the Clarity Act.
As the Senate recess began on August 8, crypto supporters and banking interests intensified their lobbying efforts in the home states of senators, deploying op-eds, letter-writing drives and in-person events to build grassroots pressure. Stand With Crypto, an advocacy group funded by Coinbase, reports that its three million members have placed opinion pieces in local papers and organized gatherings in Iowa, Michigan and other states, while also generating nearly 50,000 calls and emails to Congress.
The industry argues the Clarity Act would clarify which digital tokens are securities versus commodities, providing legal certainty and protecting U.S. jobs. Banking groups, including the Independent Community Bankers of America, warn the bill could let digital tokens compete with bank deposits and lack adequate anti-money-laundering safeguards. The procedural vote scheduled for September 15 will decide the bill’s fate, with analysts noting that Democratic and some Republican opposition makes passage uncertain.
