Clarity Act Explodes in Washington: 28,000 Americans Demand Immediate Senate Action
FIT21 Clarity Act Petition: Will 28K Signatures Move Senate?
Stand With Crypto delivered a petition signed by more than 28,000 Americans to the Senate Banking Committee today. The community demands that lawmakers schedule a markup of the Digital Asset Market Clarity Act to define which digital assets fall under SEC jurisdiction and which belong to the CFTC.
The signature count is a quantified measure of retail investor frustration with a regulatory environment that has left developers, exchanges, and token holders operating in legal gray areas for years. Crypto markets have been pricing in regulatory uncertainty since the FIT21 bill passed the House in 2025 with bipartisan support. It has since been stalled, awaiting Senate Banking Committee action.
The Clarity Act, which grew directly out of the earlier FIT21 framework that the House Financial Services Committee advanced in May 2024, would draw a durable jurisdictional line between the SEC and CFTC over digital assets. It will be the boundary that the industry has sought since the first enforcement actions began replacing rulemaking.
Procedurally, the markup will force the Senate Banking Committee to formally debate, amend, and vote to advance the bill to the full Senate floor. Without that step, the bill dies in committee regardless of House passage.
A coalition of more than 120 organizations, including Coinbase, Ripple, Circle, Kraken, and Andreessen Horowitz, sent a joint letter to Senate Banking Committee Chair Tim Scott on April 23, warning that delays risk ceding both economic and strategic advantages to jurisdictions like the EU that have already enacted comprehensive frameworks.
The SEC has itself acknowledged that certain enforcement actions generated no measurable investor benefit, adding a concrete data point to a pattern that looks less random the longer it runs.
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Is the Clarity Act Petition A Sentiment Indicator For The Crypto Market?
Galaxy Research analyst Alex Thorn has noted that a markup delay past mid-May 2026 could sharply reduce enactment odds before the midterm election cycle narrows the legislative window. That is the critical calendar constraint. If the Senate Banking Committee does not move by mid-May, the probability of passage before the 2026 midterms – when floor time contracts significantly – drops toward single digits.
“Today, we hand-delivered a message to Washington. Over 28,000 Americans signed our petition this week, asking the Senate one thing: mark up the CLARITY Act. We’re watching. We’re organized. And we’re voting.”
– Stand With Crypto
Mason Lynaugh, Executive Director of Stand With Crypto, framed the delivery as a community mandate, not a lobbying gesture. The 28,000-signature figure represents voters who have self-identified as crypto stakeholders and organized around a specific legislative demand.
Internationally, regulatory bodies are moving to curb crypto’s political influence, making organized voter framing strategically significant in the U.S. context. The unresolved issues in the bill include stablecoin reward provisions, ethics language covering government officials, DeFi carve-outs, and the precise SEC vs CFTC jurisdictional boundary. These all mean that even a scheduled markup carries negotiation risk.
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