The Coinbase crypto lobby is asking U.S. lawmakers to pass the CLARITY Act, a bill that sets clear roles for crypto regulation.

On Monday, Stand With Crypto—Coinbase’s advocacy arm—sent a letter to the U.S. House of Representatives, backed by 65 crypto groups and companies.

The letter urged Congress to approve the Digital Asset Market Structure Clarity Act, also known as the CLARITY Act, during the upcoming Crypto Week, which begins July 14.

The letter was signed by firms such as OpenSea and Dapper Labs.

The crypto bill would give most regulatory authority to the Commodity Futures Trading Commission (CFTC). Meanwhile, the Securities and Exchange Commission (SEC) would oversee crypto assets that qualify as securities.

Crypto Groups Warn of Unclear U.S. Crypto Policy

The signatories of the letter said the U.S. lacks a consistent crypto regulation structure. According to them, this has slowed institutional adoption and pushed crypto firms to other jurisdictions.

“There are already signs of U.S. crypto leadership slipping,”

the letter stated. The group said unclear rules block developers and companies from building within the country.

“Above all else, the U.S. crypto industry needs market structure,”

the letter added. It pointed out the need for clear oversight rules and defined agency responsibilities to support legal compliance and business activity.

House Prepares to Vote on Crypto Bill During Crypto Week

House Republicans have scheduled votes on three crypto-related bills during the week of July 14, branding it Crypto Week.

The agenda includes the CLARITY Act, the GENIUS Act on stablecoin oversight, and the Anti-CBDC Surveillance State Act, which aims to block any U.S. central bank digital currency.

House Speaker Mike Johnson confirmed the schedule. Among the three bills, the GENIUS Act could receive attention first since it already passed the Senate.

Former President Donald Trump also called on Congress to pass it before the August recess.

The CLARITY Act has already advanced through the House Financial Services Committee and the Agriculture Committee on June 10.

Now, it awaits a full House vote. In the Senate, Banking Committee Chair Tim Scott said last month that he wants a crypto regulation bill passed before September ends.

House Democrats Oppose CLARITY Act Over Trump Crypto Ties

House Democrats have criticized the CLARITY Act, raising concerns about its timing and scope.

Representative Maxine Waters, a senior member of the House Financial Services Committee, called it a “rushed, overly complicated bill” during a June hearing.

She warned that the bill would exclude some high-risk crypto activities from SEC oversight. Waters also linked the bill to the Trump family’s crypto involvement, referring to it as part of a wider “crypto con.”

“Legitimizing Trump’s crypto con is far from the only terrible thing about this confusing and reckless legislation,”

she said.

Reports show that Donald Trump and his family have gained over $620 million from crypto-related businesses.

These include a crypto trading platform, a stablecoin, a mining operation, NFTs, and multiple crypto tokens.

Some Democrats say Trump’s financial gains in the sector are shaping Republican support for crypto bills.

The link between Trump and several crypto projects has become a point of tension as lawmakers review the CLARITY Act and related legislation.

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