CLARITY | Crypto

An anti-human trafficking advocate said a Clarity Act provision could weaken accountability despite existing criminal laws.

Some of the largest US crypto companies and advocacy groups are escalating a coordinated lobbying campaign to secure a Senate vote on landmark digital-asset legislation before lawmakers leave Washington for their August recess. The industry’s push for the Digital Asset Market CLARITY Act comes as the Senate confronts a narrowing legislative calendar, and negotiations remain […] The post Crypto firms race to lock in CLARITY Act rules before the Senate window closes appeared first on CryptoSlate.

Senator Cynthia Lummis told Fox Business on June 24 that negotiators expect final Senate compromise language around the July 4 recess and then plan to “move in July,” the most public deadline any sponsor has set for a bill that cleared the Senate Banking Committee in May. The declaration came before Senate Majority Leader John […] The post Cynthia Lummis gave CLARITY Act a July promise, but it still needs a Senate path appeared first on CryptoSlate.

The House Financial Services Committee has scheduled a July 17 field hearing in New York on the CLARITY Act, giving the bill another public stage while the Senate floor vote that would decide its immediate path remains unscheduled. The CLARITY Act cleared the House in July 2025, with 78 Democrats joining the majority, establishing the […] The post Crypto finally has a CLARITY Act date – delivery now depends on seven Senate Democrats appeared first on CryptoSlate.

“Regulatory certainty should not come at the expense of accountability, transparency, victim protection, or public safety,” the law enforcement associations said. A group of law enforcement organizations and a coalition of Catholic organizations have become the latest two groups urging caution over the US CLARITY Act, which is heading for a key hearing in July. In letters sent Tuesday, four law enforcement organizations reached out to White House officials with concerns that the CLARITY Act could create oversight gaps when it comes to illicit activity. “Regulatory certainty should not come at the expense of accountability, transparency, victim protection, or public safety,” they said. The Alliance to End Human Trafficking, founded by US Catholic Sisters, said these oversights could make it harder to crack down on human trafficking. Read more

Gambling industry groups want the US Senate to step in to clarify that the Commodity Futures Trading Commission does not have the authority to oversee prediction markets. Several national gaming and tribal organizations and labor groups have reportedly called on the US Senate to add language “that explicitly prohibits event contracts tied to sports and casino-style gaming” in the Digital Asset Market Clarity (CLARITY) Act. According to a Wednesday Semafor report, groups tied to sports betting, including the Indian Gaming Association and American Gaming Association have united against what they called gambling on prediction markets. They requested that the US Congress use the CLARITY Act now under consideration in the Senate to affirm that “sports betting falls outside the [Commodity Futures Trading Commission’s] remit and cannot be offered through prediction market platforms.” “While our organizations may differ on other issues, including gambling policy, we are united in our concern that prediction markets h...

Casinos and Tribes Demand Sports Betting Ban in Clarity Act The post Casinos, Tribes, and Unions Urge Senate to Ban Sports Betting From the Clarity Act appeared first on Cryptonews.

Garlinghouse accused Jamie Dimon of doing a disservice by falsely suggesting the CLARITY Act would weaken compliance standards.

On June 10, administration officials hosted law enforcement groups at the White House to resolve the provision most likely to block the CLARITY Act from reaching the Senate floor for a vote. As Eleanor Terrett reported, the meeting drew around 20 attendees over nearly 90 minutes, with developer protections drawn from the Blockchain Regulatory Certainty […] The post CLARITY Act moves to a fight between cops and coders appeared first on CryptoSlate.

Bipartisan Senate talks over crypto ethics turned rocky this week after a Democratic source described an “about-face” by GOP members and the White House on a prior enforcement agreement. The disputed provision would have allowed state attorneys general to sue the Justice Department for failing to enforce certain crypto ethics requirements. As Punchbowl News and […] The post CLARITY Act momentum slows to a crawl as lawmakers clash over crypto ethics rules appeared first on CryptoSlate.

Kristin Smith urged the Senate to preserve developer protections in the CLARITY Act, arguing open-source builders should not be regulated as financial intermediaries. Solana Institute CEO Kristin Smith is urging the US Senate to pass the CLARITY crypto market structure bill with developer protections intact, arguing that open-source developers and blockchain infrastructure providers should not be regulated as financial intermediaries. In a thread on the X social media platform, Smith said the market structure legislation “has a real shot at passing the Senate,” making it critical for lawmakers to preserve protections for software developers. Read more

A coalition of more than 200 companies and organizations sent a letter dated June 7 to Senate Majority Leader John Thune and Senate Minority Leader Charles Schumer, urging them to bring the CLARITY Act to the full Senate floor for a vote without delay. Signed by Stand With Crypto, the Blockchain Association, the Crypto Council […] The post Crypto’s CLARITY push heats up, but prediction markets aren’t buying the August deadline appeared first on CryptoSlate.

200+ Crypto Firms Demand Senate CLARITY Act Vote Now The post 200 Crypto Companies Just Demanded a Senate Vote on the CLARITY Act, Can They Force a Decision Before July 4? appeared first on Cryptonews.

Crypto lobby groups representing hundreds of organizations urged Senate leaders in a letter to schedule a vote on a key crypto bill ahead of the midterms. More than 200 crypto companies and organizations have urged the US Senate to pass the CLARITY Act, amid concerns that continued stalling could see it miss an important legislative window. In a letter on Monday shared by crypto lobby group Stand With Crypto, the group called on Senate Majority Leader John Thune and Minority Leader Chuck Schumer “to bring the Clarity Act to the Senate floor without delay.” It said the Senate Banking Committee's vote last month to pass the bill took “months of serious, bipartisan work” and the Senate should “build on that momentum and give members the opportunity to advance durable market structure legislation.” Read more

The Clearing House plan gives banks 24/7 tokenized settlement while keeping customer money inside regulated deposit accounts. The post Big banks may have found their answer to the CLARITY Act’s stablecoin challenge appeared first on CryptoSlate.

Galaxy Digital says the Senate has a tight calendar ahead of the November elections, and the time needed to fix up and pass a key crypto bill is quickly fading. Crypto firm Galaxy Digital has lowered the odds of the Senate passing its crypto market structure bill before the end of the year, noting that the window for lawmakers to act on the bill is closing.  “On May 22, we raised our estimate of the probability that the CLARITY Act becomes law in 2026 to 75%, up from the 55% we published the morning of May 14's Senate Banking markup, Galaxy’s head of research Alex Thorn said in a note on Friday. “We are now lowering that estimate to 60%.” Thorn said the bill must pass the Senate before a month-long August recess starting in late July, as “after that, the window effectively closes.” He added that major legislation has historically not moved in the lead-up to the midterm elections due to lawmakers campaigning. Read more

The CLARITY Act, the crypto industry’s biggest bill in Congress, is losing momentum just weeks after clearing a key Senate committee, raising the risk that Washington’s first major digital asset rulebook slips deeper into an election year. Galaxy Digital lowered its estimate that the CLARITY Act will become law in 2026 to 60% from 75%, […] The post CLARITY Act chances of passage this year falls to 60%, Galaxy Digital says appeared first on CryptoSlate.

Scott Bessent said that the Treasury Department was “proceeding with all deliberate speed” on Donald Trump’s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile. US Treasury Secretary Scott Bessent told Senate lawmakers that his department is pushing to establish a strategic Bitcoin reserve and digital asset stockpile more than a year after it was called for in an executive order from President Donald Trump. Speaking at a Senate Finance Committee hearing on Trump’s fiscal year 2027 budget for Treasury on Wednesday, Bessent said that the department was “proceeding with all deliberate speed” on the president’s 2025 order to establish Bitcoin and digital asset reserves. Although the reserve has been filled with crypto seized by the government, Treasury officials had no additional acquisition plans as of March. “We are moving forward very quickly on that, and part of that is our digital assets initiative, the strategic Bitcoin reserve is something, this is new technology, thi...

For traditional US banks, the CLARITY Act was intended as a firewall that effectively barred crypto companies from offering “passive” interest on stablecoins. The legislation aimed to prevent a catastrophic deposit flight in which everyday checking account balances drain from the banking system into high-yield crypto exchanges. But as lawmakers prepare to finalize the framework, […] The post Banks pushed Congress to kill stablecoin yield with CLARITY Act – Coinbase may have found the loophole appeared first on CryptoSlate.

Many Democratic lawmakers have said that they will not support any version of a crypto market structure bill without provisions on ethics to address potential conflicts of interest by elected officials. US Senate consideration of the Digital Asset Clarity (CLARITY) Act is likely to resume as members reconvene this week after an extended Memorial Day holiday. Many US lawmakers and crypto industry leaders are pushing for consideration of the CLARITY Act, a crypto market structure bill introduced by Republicans and passed by the House of Representatives in July 2025. The bill, expected to give more authority to the federal commodities regulator over digital assets, passed two crucial committees before the one-week break. It has been debated in Congress amid pushback from industry and banking representatives over stablecoins, tokenized equities and other issues. Read more