Crypto, banks take lobbying war to US senators' home states ahead of key vote
The Clarity Act faces a likely defeat on Tuesday as several Republican lawmakers, including Senator John Cornyn of Texas, indicate they may vote no to support the banking sector. This follows a lobbying war between crypto firms and traditional banks in senators' home states. While the White House has presented its closing arguments on the bill, crypto advocates continue pushing for retail holder meetings and advertising campaigns. Coinbase maintains a positive outlook on regulation and has expanded stablecoin clearing to over 1,000 financial institutions.
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- ✓ Compass Point upgraded Coinbase Global from Sell to Neutral and raised the price target from $130 to $177.
- ✓ FactSet analysts report Coinbase Global has an average overweight rating and a mean price target of $201.81.
What changed
Senator John Cornyn and other Republicans indicated they may vote against the bill on Tuesday.
Live updates
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Republican senators signal opposition to Clarity Act ahead of Tuesday vote
The Clarity Act faces a likely defeat on Tuesday as several Republican lawmakers, including Senator John Cornyn of Texas, indicate they may vote no to support the banking sector. This follows a lobbying war between crypto firms and traditional banks in senators' home states. While the White House has presented its closing arguments on the bill, crypto advocates continue pushing for retail holder meetings and advertising campaigns. Coinbase maintains a positive outlook on regulation and has expanded stablecoin clearing to over 1,000 financial institutions.
Why it matters
The vote determines whether the U.S. establishes a clear regulatory framework for digital assets. Banks and crypto firms are fighting for influence over the legislative language to protect their respective market interests. The outcome will signal the federal government's stance on stablecoins and digital asset oversight.
What is confirmed
- Compass Point upgraded Coinbase Global from Sell to Neutral and raised the price target from $130 to $177.
- FactSet analysts report Coinbase Global has an average overweight rating and a mean price target of $201.81.
Still unconfirmed
- Senator John Cornyn and other Republican lawmakers may vote no on the Clarity Act this Tuesday.
- The White House has made its closing argument regarding the crypto bill.
What to watch next
- The official vote results for the Clarity Act on Tuesday
- Further shifts in analyst ratings for Coinbase Global
confidence 80%Sources used for this update (3)
- www.marketscreener.com — Compass Point Upgrades Coinbase Global to Neutral From Sell, Adjusts PT to $177 From $130
- www.semafor.com — Exclusive / White House makes closing argument on crypto bill
- uk.sports.yahoo.com — “This represents the single largest investment in …
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Crypto and Banking Lobbyists Target Senate Home States Ahead of Clarity Act Vote
Crypto firms and banks are launching lobbying campaigns in senators' home states as a vote on the Clarity Act looms next week. While crypto advocates are preparing an advertising blitz and Ripple executives are urging senators to meet with retail holders, Senate Republicans indicate the bill is likely to fail. Coinbase CEO Brian Armstrong maintains that U.S. crypto regulation will advance and the industry will win regardless of the vote outcome. Simultaneously, Coinbase has partnered with Moov to integrate stablecoin clearing into over 1,000 community banks and credit unions.
Why it matters
The Clarity Act seeks to establish a regulatory framework for digital assets in the United States. An ethics standoff currently threatens the timing of the Senate vote. The outcome will determine whether the industry gains a formal legislative structure or continues under existing regulatory ambiguity.
What is confirmed
- Coinbase CEO Brian Armstrong believes crypto regulation will advance regardless of the Clarity Act vote.
- Coinbase partnered with Moov to bring stablecoin clearing and 24/7 funding to more than 1,000 community banks and credit unions.
Still unconfirmed
- Senate Republicans say the crypto bill is likely to fail.
- An ethics standoff threatens the Senate vote scheduled for next week.
- Crypto advocates are preparing an advertising blitz to support the Clarity Act.
What to watch next
- The official results of the Senate vote on the Clarity Act.
- Resolution of the ethics standoff affecting the legislative calendar.
confidence 85%Sources used for this update (9)
- Semafor — Exclusive / Senate Republicans say crypto bill likely to fail
- Punchbowl News — Crypto prepares pro-Clarity Act ad blitz
- Reuters — Crypto, banks take lobbying war to US senators' home states ahead of key vote
- TradingView — What could happen if the CLARITY Act fails to pass in 2026
- Stocktwits — CLARITY Act At Risk As Ethics Standoff Threatens Senate Vote Next Week
- CNBC — Coinbase CEO sees U.S. crypto regulation advancing regardless of Clarity Act vote
- CoinDesk — Crypto wins regardless of Clarity Act vote, Coinbase's Armstrong says
- TradingView — Ripple Exec Pushes Senate to Meet 'a Real American Crypto Holder' Before CLARITY Vote
- www.briefs.co — Coinbase taps Moov to plug stablecoins into community banks as Senate vote looms
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