CryptoNews reports, citing Cointelegraph, that more than 120 entities related to the crypto and blockchain industry have signed a letter urging U.S. senators to advance the crypto market structure bill. In a letter to the leaders of the U.S. Senate Banking Committee on Thursday, the Crypto Innovation Committee (CCI) and the Blockchain Association said that the committee should “move forward with consideration of the Clarity Bill in order to provide a comprehensive federal market structure framework.” The legislation is expected to become one of the most important laws likely to affect the industry. It passed the House of Representatives in July 2025, but was delayed amid debate over issues such as a government shutdown and stablecoin yield. The letter notes: “Timely action is critical, because other major jurisdictions have already implemented comprehensive frameworks, and the lack of comparable U.S. policies could lead to the loss of economic and strategic advantages.”