Blockchain Regulatory Certainty Act

Senate Republicans released an updated Clarity Act draft that bans covered officials, including the president and Congress members, from issuing or sponsoring digital assets. The provisions expire on January 20, 2029, aligning with the end of the current presidential term, and include exceptions for blind trusts or divestment. The draft addresses concerns over President Trump's crypto ventures, including the $TRUMP token and World Liberty Financial.

Senator Ron Wyden has urged Senate leaders to retain the Blockchain Regulatory Certainty Act within the CLARITY Act as it moves to the Senate floor. The focus is on maintaining developer protections in the cryptocurrency-related legislation.

The Clarity Act, a major digital asset market structure bill, faces uncertainty as the Senate recesses until July 13. Passage depends on resolving disputes over ethics frameworks for crypto holdings, Section 604 of the Blockchain Regulatory Certainty Act, and conflicts in the Agriculture Committee text, with a 60-vote threshold remaining a key hurdle.

Galaxy Research has lowered the CLARITY Act's chances of becoming law in 2026 to 50-50 due to a tight Senate schedule and lack of progress on merging bill texts or scheduling a vote. The act, which aims to establish a regulatory framework for digital assets, passed the Senate Banking Committee but remains stalled on the legislative calendar.

Over 60 cryptocurrency industry leaders, including executives from Coinbase, a16z crypto, and Uniswap, urged Senate leaders to pass the Digital Asset Market Clarity Act with protections for blockchain developers intact. The letter emphasized Section 604 (BRCA) of the bill, which shields non-controlling developers from federal money transmission prosecution, as critical to sustaining U.S. blockchain innovation. The bill passed the House in July 2025 and cleared the Senate Banking Committee in May 2026 but remains pending in the full Senate.