Crypto Lobbying Blitz Hits Senators' Home States Ahead of Key Vote

The crypto industry and banking sector have been lobbying US senators in their home states as the Senate prepares to vote on major cryptocurrency legislation.

The Clarity Act, backed by the White House and crypto companies that have spent at least $190 million on campaigns, aims to provide legal certainty for digital assets by defining which tokens are securities versus commodities.

Crypto advocates have been meeting with senators' staff in their home offices, hosting events, and writing op-eds in local newspapers to rally grassroots support for the bill.

However, Democrats and some Republicans have expressed concerns about the bill's lack of robust money-laundering and ethics safeguards, potentially destabilizing the banking system.