CLARITY Act

Bitmine added $74 million in ether, and Tom Lee is betting on a boost from the Clarity Act. The developments highlight increased investment and optimism in the cryptocurrency sector.

The Major County Sheriffs of America has dropped opposition to the CLARITY Act but seeks amendments to provide local law enforcement with more resources for investigating illicit finance cases.

A former NSC director warns that the CLARITY Act could create loopholes for the crypto industry, enabling Iran and other entities to evade sanctions and facilitate terrorist financing. The bill's provisions may weaken anti-money laundering (AML) requirements for decentralized finance (DeFi) and hinder law enforcement efforts, according to the Fraternal Order of Police.

The article compares the current open-source AI debate to Bitcoin's early 2014 challenges, arguing that restrictions on open-source models mirror past crypto skepticism. It highlights Anthropic and OpenAI's moves to limit access while open-source alternatives like GLM-5.2 close the gap, with decentralized AI projects such as Dark Bloom and Pluralis emerging as potential disruptors.

SEC Commissioner Hester Peirce anticipates the Clarity Act passing this summer, which would establish a federal framework for crypto markets and divide oversight between the SEC and CFTC. The bill aims to clarify the Howey Test for investment contracts and shield developers from liability. Peirce emphasized regulatory goodwill and urged building long-term crypto solutions, while SEC Chair Paul Atkins highlighted free-market reforms and new investment initiatives.

Senate leaders aim to pass the CLARITY Act by July 13, with only four weeks to address the cryptocurrency market structure bill before a potential break and election-related delays. Lawmakers have until July 13 to act on the bill due to state work periods and campaigning.

Fidelity identifies five factors that could end the current crypto winter, including Bitcoin's four-year halving cycle, regulatory clarity via the CLARITY Act, Federal Reserve policy shifts, and emerging use cases like real-world asset tokenization and AI-related crypto infrastructure. Bitcoin's price remains below $60,000 in late June 2026, down 53% from its 2025 peak.

Galaxy has reduced the estimated chances of the Clarity Act's 2026 passage to 50%, citing a shrinking Senate calendar. The digital asset firm now considers the bill's passage this year as equally likely as not.

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 has reduced the likelihood of the CLARITY Act passing in 2026 to 50%, citing limited Senate floor time before the August recess as a key factor.

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.

An anti-trafficking group claims that Section 604 of the Clarity Act may reduce accountability. The group argues the provision could weaken efforts to combat trafficking.

Catholic leaders and US authorities are challenging the CLARITY Act, arguing that regulatory certainty should not compromise accountability, transparency, victim protection, or public safety. The law enforcement associations emphasized these concerns in their statement.

Nearly 100 Catholic leaders have opposed the Clarity Act, citing weakened safeguards against illicit finance and trafficking. The Alliance to End Human Trafficking, supported by Catholic organizations, also criticized the cryptocurrency bill.

The CLARITY Act, formally the Digital Asset Market Clarity Act, is a proposed U.S. cryptocurrency market structure bill aimed at establishing a federal framework for issuing, trading, and regulating digital assets. It focuses on ensuring crypto firms comply with federal laws and clarifying regulatory oversight.

Gaming groups are urging Congress to ban prediction markets and sports betting through the CLARITY Act. They seek clarification that the Commodity Futures Trading Commission should not oversee prediction markets.

Ripple CEO Brad Garlinghouse criticized JPMorgan CEO Jamie Dimon for his comments on the Clarity Act, a key cryptocurrency legislation. The dispute centers on Dimon's criticism of the bill, which Garlinghouse has publicly opposed.

A community bank group is launching an ad campaign to highlight risks associated with digital assets, specifically targeting the Clarity Act's stablecoin reward language. The campaign aims to warn about potential dangers in the digital asset space.

Senator Warren criticizes the weakened CFTC as a 'recipe for disaster' and has requested records on staff departures, prediction market oversight, and internal communications related to the Clarity Act as Congress moves forward with crypto legislation.

The article highlights five corruption gaps in the Clarity Act that Congress needs to address. It focuses on legislative reforms to improve transparency and accountability.

Over 200 crypto firms and lobby groups urged Senate leaders to schedule a vote on the CLARITY Act ahead of the midterms. The letter highlights the importance of passing the key crypto bill before the elections.

Bitcoin traded near $63,000 after falling to a two-month low, driven by ETF outflows, macroeconomic uncertainty, and capital shifts to AI stocks. Analysts at Bernstein argue Bitcoin's 'store of value' thesis remains intact, citing institutional adoption and a price target of $150,000 for 2026. The CLARITY Act, aimed at regulating digital assets, advanced in Congress.

Over 200 cryptocurrency organizations, including Coinbase and Ripple, are urging Senate leaders to advance the Clarity Act to a floor vote. The groups seek legislative clarity on cryptocurrency regulations.

Galaxy Digital reports the Senate has a tight schedule before the November elections, reducing the likelihood of passing the CLARITY Act to 60% due to dwindling time for revisions.

JPMorgan stated that rebuilding dollar reserves could be necessary to restore confidence. The firm's outlook for crypto depends on Strategy's dividend plan and the Clarity Act, which now has less than a 50% chance of passing this year.

Alsobrooks states the Clarity Act requires an ethics agreement before the Senate can vote on it. The article highlights the conditional nature of the legislation's approval.

White House's top cryptocurrency adviser, Patrick Witt, defends the Clarity Act as 'pro-enforcement' despite pushback. The bill is being pushed by lawmakers for passage.

JPMorgan analysts stated that the crypto market structure bill, also known as the Clarity Act, may have only a narrow window for passage this year.

US Treasury Secretary Scott Bessent stated the Treasury Department is progressing on Donald Trump’s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile. The department is moving 'with all deliberate speed' to implement the directive.

Bitcoin's price fell to $65,000, down 12% weekly, as capital shifts toward AI stocks, gold, and tech IPOs. Analysts attribute the decline to Bitcoin losing momentum status and negative ETF flows, with Citi noting stalled regulatory progress on the Clarity Act.

Treasury Secretary Scott Bessent testified before the Senate Finance Committee, supporting the U.S. Strategic Bitcoin Reserve and urging passage of the Clarity Act. The reserve, established via executive order, holds 328,372 BTC acquired through criminal forfeitures, and the BITCOIN Act proposes authorizing the Treasury to purchase up to one million bitcoin over five years.

Treasury Secretary Scott Bessent supports a summer push for the Clarity Act and is working to establish a strategic bitcoin reserve at a 'deliberate speed'.

Senator Lummis accused JPMorgan CEO Jamie Dimon of either not reading the Clarity Act or attempting to mislead people. She described Dimon's remarks as 'distasteful'.

The survival of the Clarity Act is contingent upon the U.S. Senate completing a significant amount of non-crypto legislative work. The article highlights the conditional nature of the Act's progress based on the Senate's broader agenda.

The Blockchain Association is urging the Senate to pass the Clarity Act, supported by a letter from 160 former security officials. The association is also organizing a virtual town hall to discuss the legislation.

Bitwise CIO Matt Hougan describes crypto as a 'contrarian bet' amid growing AI stocks and uncertainty surrounding the Clarity Act, which challenges institutional investors.

Galaxy Digital has launched institutional over-the-counter (OTC) prediction markets trading, executing a $10 million Clarity Act trade with Arca on Kalshi at launch.

Stellar CEO supports the Clarity Act, stating it could be beneficial, but emphasizes that tokenization does not rely on the Act for its development. The CEO highlights the independence of tokenization progress from regulatory changes.

The debate on the CLARITY Act continues as the US Senate returns this week. Democratic lawmakers have stated they will not support any version of a crypto market structure bill without ethics provisions to address potential conflicts of interest by elected officials.

Coinbase Chief Policy Officer Faryar Shirzad highlights the CLARITY Act as a potential landmark crypto regulatory framework, comparable to Dodd-Frank. The bill, advancing in the Senate, aims to provide legal clarity for the sector and enable traditional banks to enter the crypto space. Bipartisan support and President Trump's endorsement are cited as factors increasing its chances of passage.