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Over 200 cryptocurrency institutions, including Coinbase and Ripple, jointly urge the U.S. Senate to advance the vote on the CLARITY Act

According to The Block, a joint letter initiated by Stand With Crypto, the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a prompt full Senate vote on the Digital Asset Market Clarity Act (referred to as the CLARITY Act). More than 200 crypto companies, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, participated in signing.The joint letter points out that the CLARITY Act will establish a comprehensive federal regulatory framework for the digital asset market, clarify the division of responsibilities among regulatory agencies, provide feasible registration pathways, and protect software developers' innovation while encouraging more digital asset businesses to return to the U.S. market. The signatories stated that the act would help keep innovation, jobs, investment, and market activities in the U.S., further solidifying the country's leading position in global digital asset innovation.It is understood that the CLARITY Act received bipartisan support from the Senate Banking Committee last month and passed the committee's review. Senator Cynthia Lummis subsequently stated that the next step for the act will be to enter the full Senate review stage.Additionally, 160 former national security and law enforcement officials had previously signed in support of the act, and U.S. Treasury Secretary Scott Bessent and White House crypto advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of the Trump family's interests in relation to the crypto industry is still seen as one of the main obstacles facing the advancement of the act.

Gate TradFi's trading volume ranks first in the world, accelerating the integration of traditional finance and cryptocurrency

According to the latest research report "Institutional Footprints" released by CryptoQuant, Gate has performed outstandingly in several core indicators such as institutional trading activity, market liquidity, and TradFi derivatives trading, becoming one of the trading platforms with the highest institutional participation in the current crypto market. Among them, Gate ranks first in the average trading volume indicators in four major markets: Bitcoin spot, Bitcoin perpetual contracts, Ethereum spot, and Ethereum perpetual contracts, reflecting that institutional funds continue to gather at Gate. In addition, Gate ranks third globally with a cumulative spot trading volume of $253 billion for 2026, firmly establishing itself among the top global crypto asset trading platforms.It is noteworthy that as traditional finance and the crypto market accelerate their integration, Gate has performed particularly well in the TradFi perpetual contract sector. In March of this year, Gate's monthly TradFi perpetual contract trading volume approached $290 billion, setting an industry-leading level. CryptoQuant believes that with its layout of tokenized stocks, metals, index products, and a 24/7 derivatives trading system, Gate is at the forefront of the integration of traditional finance and crypto finance.
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