Українська
Русский
English
The Push to Pass the CLARITY Act Gains Momentum as Lawmakers Rush to Establish Crypto Rules in the US
The push to pass the CLARITY Act is gaining momentum as lawmakers seek to introduce federal rules for digital asset markets. The proposal has received support from congressional leaders, industry organisations, consumer advocacy groups, national security veterans, and President Donald Trump.
Key Takeaways:
- The CLARITY Act has received support from a broad range of politicians and industry representatives.
- Support is coming from lawmakers, industry groups, consumer advocates, national security representatives and Trump.
- Critics continue to call for stronger safeguards against conflicts of interest, illicit finance and market risks.
The Push to Pass the CLARITY Act Gains Momentum as Lawmakers Warn of Global Risks
The push to pass the Digital Asset Market Clarity Act, or CLARITY Act, is gaining momentum as lawmakers press for federal rules on digital assets. Supporters of the bill warn that the US risks losing influence if other jurisdictions advance their own crypto regulatory frameworks. The debate is currently centred on market certainty, consumer protection, innovation and financial leadership.
US Senate Banking Committee Chair Tim Scott (Republican, South Carolina), Senator Cynthia Lummis (Republican, Wyoming), Senator Thom Tillis (Republican, North Carolina), Representative French Hill (Republican, Arkansas), Representative Glenn Thompson (R-PA) and Representative Tom Emmer (R-MN) are among the bill’s leading supporters. Industry groups, consumer organisations, national security representatives and President Donald Trump have also backed the initiative.
On 5 June, Lummis warned in a post on X:
“If we don’t pass the CLARITY Act in this Congress, we will hand the future of digital finance to jurisdictions that do not share our values.”
“The CLARITY Act does not pick winners. It creates a level playing field where the best ideas win. That is exactly how America should work,” she also wrote in a 4 June post on X. Lummis has repeatedly argued that delays allow other countries to set rules that should be developed by the US.
US Lawmakers Frame the CLARITY Act as a Fight for Market Rules
Chair Scott said the bill “puts consumers first, fights illicit financial transactions, cracks down on criminals and foreign adversaries, and keeps the future of finance here in the United States”. Hill stressed that it “prioritises consumer protection and American innovation”. Thompson said:
“This landmark legislation will protect consumers, unlock entrepreneurial potential, and ensure the United States sets the global standard for the future of innovation.”
The Digital Asset Market Clarity Act of 2025 would create a federal structure for the digital asset market. It would divide oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while also establishing rules for token classification, disclosures, custody, exchanges, brokers and consumer protection.
The House of Representatives passed H.R. 3633, the CLARITY Act, in July 2025, and the Senate Banking Committee approved the bill on 14 May 2026 in a 15–9 vote, with members of both parties taking part in the vote. The bill still needs approval from the full Senate before lawmakers resolve all differences with the House version and send the final text of the law to the president.
Supporters view the bill as a way to reduce regulatory uncertainty, while critics continue to push for stronger safeguards aimed at addressing conflicts of interest, illicit finance concerns and broader market risks.
Support Expands as Senate Disputes Over the CLARITY Act Intensify
Support now extends beyond crypto-focused groups. A HarrisX poll showed that 52% of respondents supported the bill after learning about it, while 70% said the US was long overdue for cryptocurrency legislation. More than 160 national security veterans backed the bill. AARP, a leading advocacy group for older Americans, also supported Section 205, citing crypto ATM fraud and reported losses exceeding $389 million.
Crypto advocacy group Stand With Crypto urged senators to support final passage of the law, while 28,000 Americans signed a petition calling on the Senate to act. A16z crypto, the digital asset investment arm of venture capital firm Andreessen Horowitz, warned that the US risks falling behind Europe’s Markets in Crypto-Assets framework, or MiCA. Ripple also backed the bill.
Lummis also warned:
“The next window for digital asset legislation after this Congress likely opens in 2030.”
“Until then, developers remain without legal protection, and law enforcement remains without tools to hold bad actors accountable. The CLARITY Act solves both of these problems,” she noted.
The battle in the Senate continues. Senator Elizabeth Warren (D-MA) opposed the bill during committee consideration and proposed 44 amendments, none of which were adopted. Trump urged Congress to send the CLARITY Act to his desk, arguing that the US must lead in crypto and digital finance rather than allow banks or regulators to undermine the administration’s agenda. Lummis also argued that bankrupt exchanges could force customers into debt resolution proceedings instead of guaranteeing access to their assets.
