Washington, D.C. (April 23, 2026) – Today, the Crypto Council for Innovation (CCI), Blockchain Association (BA), and a broader coalition of more than 120 companies and organizations from across the digital asset ecosystem sent a joint letter urging the U.S. Senate Committee on Banking, Housing, and Urban Affairs to move forward with a markup of digital asset market structure legislation.
Addressed to Chairman Tim Scott, Ranking Member Elizabeth Warren, Digital Assets Subcommittee Chair Cynthia Lummis, and Ranking Member Ruben Gallego, the letter calls on the Committee to take the next step toward establishing a comprehensive federal market structure framework for digital assets. The signatories argue that fit-for-purpose legislation is needed to provide regulatory certainty, protect consumers, and to ensure the United States remains the global leader in financial innovation.
The letter reflects the views of a diverse cross-section of the digital asset ecosystem, including builders, developers, investors, infrastructure providers, advisers, advocacy organizations, and businesses working to advance responsible innovation in the United States.
“Years of bipartisan work have brought Congress to this vital moment for digital asset market structure legislation,” said Summer Mersinger, CEO of Blockchain Association. “The Senate Banking Committee has a real opportunity to build on that progress and advance a clear, durable framework that protects consumers, provides certainty for innovators, and catalyzes American leadership in financial innovation for decades to come.”
“America needs clear, comprehensive rules for digital asset markets. It is a global race to the top, and it is important for the U.S. to lead. The Senate Banking Committee can build on years of bipartisan work and the GENIUS Act’s success by advancing legislation that delivers regulatory clarity, robust consumer protections, and strong safeguards for developers. A markup will move us closer to durable rules that ensure the U.S. sets the global standard for digital asset markets,” said Ji Hun Kim, CEO of the Crypto Council for Innovation.
The coalition’s letter emphasizes that while recent regulatory agency action has helped provide clarity, such actions alone are not a durable substitute for legislation. Without a comprehensive federal framework, the United States risks renewed regulatory uncertainty and the continued migration of investment, jobs, and technological development to jurisdictions that have already moved ahead with clearer rules for digital assets.
The letter also highlights several key priorities for market structure legislation, including preserving consumer rewards tied to payment stablecoins, ensuring the SEC and CFTC have clear authority to accommodate the evolution of tokenized financial instruments and distributed ledger technology, protecting developers and service providers of decentralized technologies, improving disclosure and network token certification processes, and establishing a predictable federal baseline across all fifty states.
This joint effort is the result of years of engagement by industry stakeholders and reflects broad support for thoughtful, workable legislation that fosters innovation, provides clarity for market participants, and protects American consumers. The coalition stands ready to continue serving as a constructive resource as the Senate considers next steps.
Media Contacts
Blockchain Association: Curtis Kincaid, [email protected]
Crypto Council for Innovation: Amanda Russo, [email protected]
