Over 65 crypto founders and companies, including Coinbase, are urging Congress to pass the CLARITY Act, a bipartisan bill aiming to define regulatory roles for digital assets. The legislation would grant the CFTC authority over most digital commodity spot markets, while the SEC would oversee crypto assets deemed securities. Supporters argue it would boost innovation, investor confidence, and U.S. competitiveness by ending regulatory ambiguity. The bill has cleared key House committees, but faces opposition from some Democrats who warn it may weaken consumer protections. The push reflects growing industry momentum for comprehensive market structure reform in the rapidly evolving crypto sector.