Crypto Advocates Make Last-Ditch Push for CLARITY Act Passage Before August Recess
Crypto advocacy group Stand With Crypto says its supporters have contacted Congress nearly 1 million times to push for passage of the CLARITY Act, a bill that would create a federal regulatory framework for digital assets.
The group highlights this outreach as sustained public engagement with digital asset policy, underscoring the importance of advancing legislation before the August recess. Stand With Crypto claims its advocates have sent over 1 million contacts to Congress since its founding, including more than 925,000 emails in 2025 alone.
Major financial institutions Fidelity and Goldman Sachs have backed Senate action on the bill, with Fidelity arguing that nationwide rules would strengthen investor confidence and give businesses greater regulatory certainty. The company reported $7.1 trillion in managed assets and $18 trillion in assets under administration for 2025.
The Fraternal Order of Police, which represents 382,000 active and retired officers, also endorsed the revised bill after changes preserved protections for criminal investigations, suspicious-transaction holds, and digital asset seizures. House Majority Whip Tom Emmer called the endorsement 'big news,' saying FOP support would help ensure the United States remains a global leader in digital assets.