More than 60 leading crypto executives sent a letter to Senate leaders on June 9, 2026, urging passage of the Digital Asset Market Clarity Act with its blockchain developer protections intact.
Signatories included Coinbase, a16z crypto, Uniswap, Solana Labs, Kraken, Paradigm, Galaxy, and Ledger. The letter was addressed to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer, as well as Senators Ruben Gallego of Arizona and Angela Alsobrooks of Maryland.
“From core Bitcoin development to novel DeFi smart contract designs, developers need clear legal certainty to openly build, maintain, and contribute to community-driven software projects,” the signatories wrote.
The push comes as the Senate prepares for a floor vote on H.R. 3633. The House passed the bill on a 294-134 vote in July 2025. The Senate Banking Committee cleared the legislation on a 15-9 vote on May 14, 2026, and the bill was placed on the Senate Legislative Calendar on June 1.
Developer Liability Shield at Center of Debate
Section 604 of the Clarity Act, formally titled the Blockchain Regulatory Certainty Act (BRCA), shields non-controlling software developers from Bank Secrecy Act obligations and federal money transmission prosecution. The provision codifies a principle from FinCEN’s 2019 guidance that developers and infrastructure providers who do not custody or control user funds are not money transmitters.
The DeFi Education Fund and Coin Center have described the BRCA as a baseline requirement for any market structure bill. Section 601 of the Clarity Act carves out developers from SEC registration requirements. Section 207 of the Senate Agriculture Committee’s Digital Commodity Intermediaries Act provides similar protections for commodities law.
Senator Cynthia Lummis, the bill’s architect, has acknowledged the legislative path remains uncertain. “Nobody is popping the champagne quite yet,” Lummis said.
Broad Coalition Mobilizing for Floor Vote
Stand With Crypto, an advocacy organization, is leading parallel efforts to secure a full Senate vote. The group has mobilized 200 crypto companies and organizations in support of the bill.
Galaxy Research estimates the bill has a 60-75% chance of becoming law in 2026, with a possible presidential signature during the week of August 3. The bill requires reconciliation between Senate and House versions before reaching the President’s desk.
Opposition remains. Senate Democrats, led by Elizabeth Warren, have argued the bill’s anti-money laundering provisions remain too weak. Coinbase withdrew support in January 2026 over a proposed stablecoin rewards ban, though the company’s signature on the June 9 letter indicates it has re-engaged with the legislative process.
Passage requires 60 votes to clear the Senate filibuster threshold.
