[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-washington-crypto-policy-update-tracking-the-clarity-act-s-new-momentum-en":3,"ArticleBody_j3H1RNEYY6gqEGuUQJFHNBbHu8nluneX02eA8oBQ78":218},{"article":4,"relatedArticles":189,"locale":66},{"id":5,"title":6,"slug":7,"content":8,"htmlContent":9,"excerpt":10,"category":11,"tags":12,"metaDescription":10,"wordCount":13,"readingTime":14,"publishedAt":15,"sources":16,"sourceCoverage":58,"transparency":60,"seo":63,"language":66,"featuredImage":67,"featuredImageCredit":68,"isFreeGeneration":72,"trendSlug":73,"trendSnapshot":74,"niche":83,"geoTakeaways":86,"geoFaq":95,"entities":105},"6a3d1abcc51e8cc136ebe4c0","Washington Crypto Policy Update: Tracking the CLARITY Act’s New Momentum","washington-crypto-policy-update-tracking-the-clarity-act-s-new-momentum","U.S. crypto policy has shifted from scattered enforcement to a late‑cycle legislative sprint built around the [Digital Asset Market CLARITY Act](\u002Farticle\u002Fwashington-dc-crypto-policy-developments-and-the-future-of-the-clarity-act) (H.R. 3633), now the main vehicle for a federal digital‑asset market‑structure regime.[8] Trading desks and policy teams are tracking whip counts and committee memos as closely as price charts.[1]\n\n💡 **Key takeaway:** For the first time, a single, comprehensive bill—not enforcement—anchors the U.S. crypto policy debate.[3]\n\n---\n\n## 1. Where the CLARITY Act Stands in Washington Right Now\n\nThe House passed H.R. 3633 in July 2025, 294–134, with 216 Republicans and 78 Democrats in support.[3][6] That vote told the Senate that digital‑asset market‑structure reform has durable bipartisan backing and is no longer fringe in either party.[3]\n\nSenate progress lagged. Banking Committee talks slipped past early targets, and pre‑recess floor time looked unlikely.[2][6] The inflection came May 14, 2026, when the [Senate Banking Committee](\u002Fentities\u002F6a29ddc18ea3c8b9fa2c7c11-senate-banking-committee) advanced the bill 15–9 after a four‑month stall, with Chairman [Tim Scott](https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FTim_Scott) winning Democratic votes from [Ruben Gallego](https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FRuben_Gallego) and [Angela Alsobrooks](https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FAngela_Alsobrooks).[6] The bill moved from “dead for the year” to having a plausible, though narrow, path.[6]\n\nKey constraints:\n\n- Needs 60 votes on the Senate floor, implying at least seven more Democratic votes beyond existing bipartisan supporters[3][6]  \n- Must be merged with [Agriculture Committee](https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FCommittee_on_Agriculture) commodity provisions[6]  \n- Then reconciled with the House version before heading to the president[6]  \n\nEach step is a genuine chokepoint, not a formality.\n\n⚠️ **Key point:** Ethics limits on senior officials’ crypto ties and other political flashpoints remain live risks for floor passage.[2][6]\n\nCoalition fragility is proven. [Coinbase](\u002Fentities\u002F69d1fc134eea09eba3dff108-coinbase)’s withdrawal of support from an earlier Senate rewrite forced cancellation of a planned Banking Committee markup, resetting the schedule and showing how quickly industry backing can evaporate when core provisions shift.[4][6] Current momentum exists in that shadow—real, but not secure.[4]\n\n---\n\n## 2. Inside the CLARITY Act: What It Would Actually Change\n\n[The CLARITY Act would resolve](\u002Farticle\u002Fclarity-act-s-impact-on-stablecoin-yield-models-and-u-s-regulation) [SEC](\u002Fentities\u002F69d1fc134eea09eba3dff104-sec)–CFTC turf battles by specifying when a digital asset is a security versus a commodity and assigning primary jurisdiction.[1][8] It replaces regulation‑by‑enforcement with a statutory map of who regulates what, under which statute.[6]\n\nCore allocation:\n\n- **CFTC:** Lead regulator for “digital commodities” and related intermediaries[1][9]  \n- **SEC:** Retains oversight of primary‑market fundraising via a tailored exemption from full securities registration[1][9]  \n\nThe aim is to preserve investor‑protection tools without forcing IPO‑style rules on every token.[9]\n\n📊 **Data point:** Issuers using the SEC exemption would be capped at $75 million in sales over 12 months and must file an offering statement.[9]\n\nKey definitions:\n\n- **Digital commodity:** Asset whose value is “intrinsically linked” to blockchain use and functioning; excludes securities, derivatives, and stablecoins.[9]  \n- **Mature blockchain:** Value driven substantially by network use, non‑discriminatory participation, no controlling group, and major holders under 20% of supply.[9]  \n\nMaturity or intended maturity gates certain regulatory flexibilities.\n\nInvestor‑protection and market‑integrity tools include:[5]\n\n- Tailored disclosure for digital assets  \n- Robust anti‑fraud and market‑abuse powers  \n- Limits on insider trading and conflicts  \n- Coordinated SEC–CFTC oversight and enhanced financial‑literacy efforts  \n\n💡 **Key takeaway:** The bill expands CFTC authority while embedding explicit anti‑fraud and disclosure safeguards, countering claims it is purely deregulatory.[5][6]\n\nPolitically charged add‑ons:\n\n- Amends the [Federal Reserve](https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FFederal_Reserve) Act to bar Fed banks from offering certain products directly to individuals[10]  \n- Prohibits using any central bank digital currency (CBDC) as a tool of monetary policy[10]  \n\nSupporters frame these as civil‑liberties and anti‑surveillance protections attached to the core markets framework.[6][10]\n\n---\n\n## 3. Momentum and Implications: What to Watch Next for Crypto\n\nRegulators are already acting as if some version of CLARITY will pass. The SEC and CFTC have agreed to an MOU and started work on a joint interpretive release distinguishing “investment contract assets” (SEC) from “digital commodities” (CFTC), even though formal rules await statutory authority.[7] This pre‑positioning signals expectations of a lasting jurisdictional split.[1][7]\n\nA major stumbling block—the treatment of rewards on stablecoin balances—has narrowed.[7] Current compromise language:\n\n- Bars interest‑like rewards on passive stablecoin holdings  \n- Allows activity‑based rewards tied to payments, transfers, or platform usage[7]  \n\nThe goal is to limit outflows from bank deposits while preserving innovative payment incentives, clearing a key hurdle to Senate movement.[7]\n\nCompetitiveness is the broader frame. With the EU’s [MiCA](https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FMica) regime in force, U.S. ambiguity risks pushing venues, projects, and liquidity offshore, weakening capital‑market leadership.[6][8] CLARITY is pitched as the counterweight: a unified national market structure to keep innovation and jobs onshore.[5][6]\n\nPractical stakes by category:\n\n- **Centralized exchanges and brokers:** Clearer registration paths (SEC, CFTC, or dual), with tailored disclosure and custody rules.[1][9]  \n- **DeFi protocols:** Emphasis on intermediaries with control, not open‑source code; possible Bank Secrecy Act‑style duties for centralized gateways into DeFi.[4][5]  \n- **Stablecoin issuers:** Limits on passive rewards, standardized reserve and disclosure requirements, closer coordination with banking regulators.[7]  \n- **Token projects:** More predictable progression from launch as an investment contract to digital‑commodity status once decentralization and maturity tests are met.[1][9]\n\n⚡ **What to watch in Washington in the coming weeks:**\n\n- Senate floor timing, strategy, and whip counts[2][6]  \n- Amendments on ethics, CBDC language, and consumer‑protection baselines[2][10]  \n- Negotiations with the Agriculture Committee over commodity‑market rules[6]  \n\n---\n\n## Conclusion\n\nThe CLARITY Act has moved from concept to the central vehicle for U.S. digital‑asset market structure, but its path through the Senate and reconciliation process remains tight. For market participants, the bill’s core message is clear: jurisdictional lines, disclosure rules, and stablecoin parameters are likely to be reshaped soon, and positioning for that shift now may matter as much as tracking prices.[1][5][6]","\u003Cp>U.S. crypto policy has shifted from scattered enforcement to a late‑cycle legislative sprint built around the \u003Ca href=\"\u002Farticle\u002Fwashington-dc-crypto-policy-developments-and-the-future-of-the-clarity-act\" class=\"internal-link\">Digital Asset Market CLARITY Act\u003C\u002Fa> (H.R. 3633), now the main vehicle for a federal digital‑asset market‑structure regime.\u003Ca href=\"#source-8\" class=\"citation-link\" title=\"View source [8]\">[8]\u003C\u002Fa> Trading desks and policy teams are tracking whip counts and committee memos as closely as price charts.\u003Ca href=\"#source-1\" class=\"citation-link\" title=\"View source [1]\">[1]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>💡 \u003Cstrong>Key takeaway:\u003C\u002Fstrong> For the first time, a single, comprehensive bill—not enforcement—anchors the U.S. crypto policy debate.\u003Ca href=\"#source-3\" class=\"citation-link\" title=\"View source [3]\">[3]\u003C\u002Fa>\u003C\u002Fp>\n\u003Chr>\n\u003Ch2>1. Where the CLARITY Act Stands in Washington Right Now\u003C\u002Fh2>\n\u003Cp>The House passed H.R. 3633 in July 2025, 294–134, with 216 Republicans and 78 Democrats in support.\u003Ca href=\"#source-3\" class=\"citation-link\" title=\"View source [3]\">[3]\u003C\u002Fa>\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa> That vote told the Senate that digital‑asset market‑structure reform has durable bipartisan backing and is no longer fringe in either party.\u003Ca href=\"#source-3\" class=\"citation-link\" title=\"View source [3]\">[3]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>Senate progress lagged. Banking Committee talks slipped past early targets, and pre‑recess floor time looked unlikely.\u003Ca href=\"#source-2\" class=\"citation-link\" title=\"View source [2]\">[2]\u003C\u002Fa>\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa> The inflection came May 14, 2026, when the \u003Ca href=\"\u002Fentities\u002F6a29ddc18ea3c8b9fa2c7c11-senate-banking-committee\">Senate Banking Committee\u003C\u002Fa> advanced the bill 15–9 after a four‑month stall, with Chairman \u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FTim_Scott\" class=\"wiki-link\" target=\"_blank\" rel=\"noopener\">Tim Scott\u003C\u002Fa> winning Democratic votes from \u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FRuben_Gallego\" class=\"wiki-link\" target=\"_blank\" rel=\"noopener\">Ruben Gallego\u003C\u002Fa> and \u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FAngela_Alsobrooks\" class=\"wiki-link\" target=\"_blank\" rel=\"noopener\">Angela Alsobrooks\u003C\u002Fa>.\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa> The bill moved from “dead for the year” to having a plausible, though narrow, path.\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>Key constraints:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>Needs 60 votes on the Senate floor, implying at least seven more Democratic votes beyond existing bipartisan supporters\u003Ca href=\"#source-3\" class=\"citation-link\" title=\"View source [3]\">[3]\u003C\u002Fa>\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>Must be merged with \u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FCommittee_on_Agriculture\" class=\"wiki-link\" target=\"_blank\" rel=\"noopener\">Agriculture Committee\u003C\u002Fa> commodity provisions\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>Then reconciled with the House version before heading to the president\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>Each step is a genuine chokepoint, not a formality.\u003C\u002Fp>\n\u003Cp>⚠️ \u003Cstrong>Key point:\u003C\u002Fstrong> Ethics limits on senior officials’ crypto ties and other political flashpoints remain live risks for floor passage.\u003Ca href=\"#source-2\" class=\"citation-link\" title=\"View source [2]\">[2]\u003C\u002Fa>\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>Coalition fragility is proven. \u003Ca href=\"\u002Fentities\u002F69d1fc134eea09eba3dff108-coinbase\">Coinbase\u003C\u002Fa>’s withdrawal of support from an earlier Senate rewrite forced cancellation of a planned Banking Committee markup, resetting the schedule and showing how quickly industry backing can evaporate when core provisions shift.\u003Ca href=\"#source-4\" class=\"citation-link\" title=\"View source [4]\">[4]\u003C\u002Fa>\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa> Current momentum exists in that shadow—real, but not secure.\u003Ca href=\"#source-4\" class=\"citation-link\" title=\"View source [4]\">[4]\u003C\u002Fa>\u003C\u002Fp>\n\u003Chr>\n\u003Ch2>2. Inside the CLARITY Act: What It Would Actually Change\u003C\u002Fh2>\n\u003Cp>\u003Ca href=\"\u002Farticle\u002Fclarity-act-s-impact-on-stablecoin-yield-models-and-u-s-regulation\" class=\"internal-link\">The CLARITY Act would resolve\u003C\u002Fa> \u003Ca href=\"\u002Fentities\u002F69d1fc134eea09eba3dff104-sec\">SEC\u003C\u002Fa>–CFTC turf battles by specifying when a digital asset is a security versus a commodity and assigning primary jurisdiction.\u003Ca href=\"#source-1\" class=\"citation-link\" title=\"View source [1]\">[1]\u003C\u002Fa>\u003Ca href=\"#source-8\" class=\"citation-link\" title=\"View source [8]\">[8]\u003C\u002Fa> It replaces regulation‑by‑enforcement with a statutory map of who regulates what, under which statute.\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>Core allocation:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Cstrong>CFTC:\u003C\u002Fstrong> Lead regulator for “digital commodities” and related intermediaries\u003Ca href=\"#source-1\" class=\"citation-link\" title=\"View source [1]\">[1]\u003C\u002Fa>\u003Ca href=\"#source-9\" class=\"citation-link\" title=\"View source [9]\">[9]\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>\u003Cstrong>SEC:\u003C\u002Fstrong> Retains oversight of primary‑market fundraising via a tailored exemption from full securities registration\u003Ca href=\"#source-1\" class=\"citation-link\" title=\"View source [1]\">[1]\u003C\u002Fa>\u003Ca href=\"#source-9\" class=\"citation-link\" title=\"View source [9]\">[9]\u003C\u002Fa>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>The aim is to preserve investor‑protection tools without forcing IPO‑style rules on every token.\u003Ca href=\"#source-9\" class=\"citation-link\" title=\"View source [9]\">[9]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>📊 \u003Cstrong>Data point:\u003C\u002Fstrong> Issuers using the SEC exemption would be capped at $75 million in sales over 12 months and must file an offering statement.\u003Ca href=\"#source-9\" class=\"citation-link\" title=\"View source [9]\">[9]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>Key definitions:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Cstrong>Digital commodity:\u003C\u002Fstrong> Asset whose value is “intrinsically linked” to blockchain use and functioning; excludes securities, derivatives, and stablecoins.\u003Ca href=\"#source-9\" class=\"citation-link\" title=\"View source [9]\">[9]\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Mature blockchain:\u003C\u002Fstrong> Value driven substantially by network use, non‑discriminatory participation, no controlling group, and major holders under 20% of supply.\u003Ca href=\"#source-9\" class=\"citation-link\" title=\"View source [9]\">[9]\u003C\u002Fa>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>Maturity or intended maturity gates certain regulatory flexibilities.\u003C\u002Fp>\n\u003Cp>Investor‑protection and market‑integrity tools include:\u003Ca href=\"#source-5\" class=\"citation-link\" title=\"View source [5]\">[5]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cul>\n\u003Cli>Tailored disclosure for digital assets\u003C\u002Fli>\n\u003Cli>Robust anti‑fraud and market‑abuse powers\u003C\u002Fli>\n\u003Cli>Limits on insider trading and conflicts\u003C\u002Fli>\n\u003Cli>Coordinated SEC–CFTC oversight and enhanced financial‑literacy efforts\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>💡 \u003Cstrong>Key takeaway:\u003C\u002Fstrong> The bill expands CFTC authority while embedding explicit anti‑fraud and disclosure safeguards, countering claims it is purely deregulatory.\u003Ca href=\"#source-5\" class=\"citation-link\" title=\"View source [5]\">[5]\u003C\u002Fa>\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>Politically charged add‑ons:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>Amends the \u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FFederal_Reserve\" class=\"wiki-link\" target=\"_blank\" rel=\"noopener\">Federal Reserve\u003C\u002Fa> Act to bar Fed banks from offering certain products directly to individuals\u003Ca href=\"#source-10\" class=\"citation-link\" title=\"View source [10]\">[10]\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>Prohibits using any central bank digital currency (CBDC) as a tool of monetary policy\u003Ca href=\"#source-10\" class=\"citation-link\" title=\"View source [10]\">[10]\u003C\u002Fa>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>Supporters frame these as civil‑liberties and anti‑surveillance protections attached to the core markets framework.\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003Ca href=\"#source-10\" class=\"citation-link\" title=\"View source [10]\">[10]\u003C\u002Fa>\u003C\u002Fp>\n\u003Chr>\n\u003Ch2>3. Momentum and Implications: What to Watch Next for Crypto\u003C\u002Fh2>\n\u003Cp>Regulators are already acting as if some version of CLARITY will pass. The SEC and CFTC have agreed to an MOU and started work on a joint interpretive release distinguishing “investment contract assets” (SEC) from “digital commodities” (CFTC), even though formal rules await statutory authority.\u003Ca href=\"#source-7\" class=\"citation-link\" title=\"View source [7]\">[7]\u003C\u002Fa> This pre‑positioning signals expectations of a lasting jurisdictional split.\u003Ca href=\"#source-1\" class=\"citation-link\" title=\"View source [1]\">[1]\u003C\u002Fa>\u003Ca href=\"#source-7\" class=\"citation-link\" title=\"View source [7]\">[7]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>A major stumbling block—the treatment of rewards on stablecoin balances—has narrowed.\u003Ca href=\"#source-7\" class=\"citation-link\" title=\"View source [7]\">[7]\u003C\u002Fa> Current compromise language:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>Bars interest‑like rewards on passive stablecoin holdings\u003C\u002Fli>\n\u003Cli>Allows activity‑based rewards tied to payments, transfers, or platform usage\u003Ca href=\"#source-7\" class=\"citation-link\" title=\"View source [7]\">[7]\u003C\u002Fa>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>The goal is to limit outflows from bank deposits while preserving innovative payment incentives, clearing a key hurdle to Senate movement.\u003Ca href=\"#source-7\" class=\"citation-link\" title=\"View source [7]\">[7]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>Competitiveness is the broader frame. With the EU’s \u003Ca href=\"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FMica\" class=\"wiki-link\" target=\"_blank\" rel=\"noopener\">MiCA\u003C\u002Fa> regime in force, U.S. ambiguity risks pushing venues, projects, and liquidity offshore, weakening capital‑market leadership.\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003Ca href=\"#source-8\" class=\"citation-link\" title=\"View source [8]\">[8]\u003C\u002Fa> CLARITY is pitched as the counterweight: a unified national market structure to keep innovation and jobs onshore.\u003Ca href=\"#source-5\" class=\"citation-link\" title=\"View source [5]\">[5]\u003C\u002Fa>\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>Practical stakes by category:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Cstrong>Centralized exchanges and brokers:\u003C\u002Fstrong> Clearer registration paths (SEC, CFTC, or dual), with tailored disclosure and custody rules.\u003Ca href=\"#source-1\" class=\"citation-link\" title=\"View source [1]\">[1]\u003C\u002Fa>\u003Ca href=\"#source-9\" class=\"citation-link\" title=\"View source [9]\">[9]\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>\u003Cstrong>DeFi protocols:\u003C\u002Fstrong> Emphasis on intermediaries with control, not open‑source code; possible Bank Secrecy Act‑style duties for centralized gateways into DeFi.\u003Ca href=\"#source-4\" class=\"citation-link\" title=\"View source [4]\">[4]\u003C\u002Fa>\u003Ca href=\"#source-5\" class=\"citation-link\" title=\"View source [5]\">[5]\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Stablecoin issuers:\u003C\u002Fstrong> Limits on passive rewards, standardized reserve and disclosure requirements, closer coordination with banking regulators.\u003Ca href=\"#source-7\" class=\"citation-link\" title=\"View source [7]\">[7]\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Token projects:\u003C\u002Fstrong> More predictable progression from launch as an investment contract to digital‑commodity status once decentralization and maturity tests are met.\u003Ca href=\"#source-1\" class=\"citation-link\" title=\"View source [1]\">[1]\u003C\u002Fa>\u003Ca href=\"#source-9\" class=\"citation-link\" title=\"View source [9]\">[9]\u003C\u002Fa>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>⚡ \u003Cstrong>What to watch in Washington in the coming weeks:\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cul>\n\u003Cli>Senate floor timing, strategy, and whip counts\u003Ca href=\"#source-2\" class=\"citation-link\" title=\"View source [2]\">[2]\u003C\u002Fa>\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>Amendments on ethics, CBDC language, and consumer‑protection baselines\u003Ca href=\"#source-2\" class=\"citation-link\" title=\"View source [2]\">[2]\u003C\u002Fa>\u003Ca href=\"#source-10\" class=\"citation-link\" title=\"View source [10]\">[10]\u003C\u002Fa>\u003C\u002Fli>\n\u003Cli>Negotiations with the Agriculture Committee over commodity‑market rules\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Chr>\n\u003Ch2>Conclusion\u003C\u002Fh2>\n\u003Cp>The CLARITY Act has moved from concept to the central vehicle for U.S. digital‑asset market structure, but its path through the Senate and reconciliation process remains tight. For market participants, the bill’s core message is clear: jurisdictional lines, disclosure rules, and stablecoin parameters are likely to be reshaped soon, and positioning for that shift now may matter as much as tracking prices.\u003Ca href=\"#source-1\" class=\"citation-link\" title=\"View source [1]\">[1]\u003C\u002Fa>\u003Ca href=\"#source-5\" class=\"citation-link\" title=\"View source [5]\">[5]\u003C\u002Fa>\u003Ca href=\"#source-6\" class=\"citation-link\" title=\"View source [6]\">[6]\u003C\u002Fa>\u003C\u002Fp>\n","U.S. crypto policy has shifted from scattered enforcement to a late‑cycle legislative sprint built around the Digital Asset Market CLARITY Act (H.R. 3633), now the main vehicle for a federal digital‑a...","trend-radar",[],908,5,"2026-06-25T12:17:08.389Z",[17,22,26,30,34,38,42,46,50,54],{"title":18,"url":19,"summary":20,"type":21},"Inside the Clarity Act: Can Washington Finally Bring Order to Crypto?","https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=cdcF8X8H6EE","The Clarity Act could reshape U.S. crypto regulation by defining digital assets and resolving SEC–CFTC jurisdiction. Paul Grewal of Coinbase weighs in.","kb",{"title":23,"url":24,"summary":25,"type":21},"In Clarity Act's final weeks, its path through U.S. Senate not getting much clearer","https:\u002F\u002Fwww.coindesk.com\u002Fnews-analysis\u002F2026\u002F06\u002F22\u002Fin-clarity-act-s-final-weeks-its-path-through-u-s-senate-not-getting-much-clearer","The Clarity Act is coming down to the wire, with a lot of big-ticket items unresolved. (Jesse Hamilton\u002FCoinDesk)\n\nSummary\n\n- At least four major boxes still need to be definitively checked before the ...",{"title":27,"url":28,"summary":29,"type":21},"Crypto CLARITY: The Politics, Policy and Implications of Digital Assets Regulatory Framework Legislation in the 119th Congress","https:\u002F\u002Fwww.akingump.com\u002Fen\u002Finsights\u002Falerts\u002Fcrypto-clarity-the-politics-policy-and-implications-of-digital-assets-regulatory-framework-legislation-in-the-119th-congress","Crypto CLARITY: The Politics, Policy and Implications of Digital Assets Regulatory Framework Legislation in the 119th Congress\n\nJuly 28, 2025\n\nIntroduction\n\nThe second half of July has seen a flurry o...",{"title":31,"url":32,"summary":33,"type":21},"Coinbase Pulls Support From CLARITY Act as U.S. Crypto Market Reform Enters Critical Phase","https:\u002F\u002Fwww.fintechweekly.com\u002Fmagazine\u002Farticles\u002Fcoinbase-clarity-act-withdrawal-us-crypto-market-reform","Rosalia Mazza Sunday, January 18th 2026 07:15 PM\n\nCoinbase has withdrawn support for the CLARITY Act after Senate changes, delaying markup and reshaping the debate over U.S. crypto market structure re...",{"title":35,"url":36,"summary":37,"type":21},"The Facts: The CLARITY Act","https:\u002F\u002Fwww.banking.senate.gov\u002Fnewsroom\u002Fmajority\u002Fthe-facts-the-clarity-act","The Digital Asset Market CLARITY Act marks a major step toward establishing the United States as the crypto capital of the world by balancing innovation with strong investor protections and tough law ...",{"title":39,"url":40,"summary":41,"type":21},"Which Crypto Assets will Benefit from the CLARITY Act?","https:\u002F\u002Ftangem.com\u002Fen\u002Fblog\u002Fpost\u002Fclarity-act-crypto\u002F","The CLARITY Act just cleared its biggest Senate hurdle. America's best chance at comprehensive crypto regulation is alive — but not yet law.\n\nOn May 14, 2026, the Senate Banking Committee voted 15-9 t...",{"title":43,"url":44,"summary":45,"type":21},"The Clarity Act advances slowly and the SEC and CFTC anticipate passage with a new interpretation some crypto offerings facilitated","https:\u002F\u002Fwww.regulatoryandcompliance.com\u002F2026\u002F03\u002Fthe-clarity-act-advances-slowly-and-the-sec-and-cftc-anticipate-passage-with-a-new-interpretation-some-crypto-offerings-facilitated\u002F","There has been movement forward on the Clarity Act, and the SEC and CFTC have anticipated its passage by pre-emptively completing a “memorandum of understanding” that would be required by the Act, and...",{"title":47,"url":48,"summary":49,"type":21},"The Digital Asset Market Clarity Act","https:\u002F\u002Fwww.mheducation.com\u002Fhighered\u002Fblog\u002F2026\u002F05\u002Fthe-digital-asset-market-clarity-act.html","The Digital Asset Market Clarity Act\n\nA major shift in U.S. crypto policy is underway. Lawmakers are working to define when digital assets are securities, when they are commodities, and who should reg...",{"title":51,"url":52,"summary":53,"type":21},"Crypto Legislation: An Overview of H.R. 3633, the CLARITY Act","https:\u002F\u002Fwww.congress.gov\u002Fcrs-product\u002FIN12583","Updated September 30, 2025 (IN12583)\n\nOn June 23, 2025, the House Committees on Financial Services and Agriculture reported H.R. 3633, the Digital Asset Market Clarity Act of 2025 (or the CLARITY Act)...",{"title":55,"url":56,"summary":57,"type":21},"H.R.3633 - Digital Asset Market Clarity Act 119th Congress (2025-2026) |","https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fhouse-bill\u002F3633\u002Ftext","AN ACT\n\nTo provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, to amend the Federal ...",{"totalSources":59},10,{"generationDuration":61,"kbQueriesCount":59,"confidenceScore":62,"sourcesCount":59},141013,100,{"metaTitle":64,"metaDescription":65},"CLARITY Act Momentum: Washington Crypto Policy Brief","U.S. crypto policy shifts to the CLARITY Act; this brief maps Senate progress, vote counts, and next steps and firms — read to anticipate market impact.","en","https:\u002F\u002Fimages.unsplash.com\u002Fphoto-1581097543550-b3cbe2e6ea6e?ixid=M3w4OTczNDl8MHwxfHNlYXJjaHwxfHx3YXNoaW5ndG9uJTIwY3J5cHRvJTIwcG9saWN5JTIwdXBkYXRlfGVufDF8MHx8fDE3ODIzODk0MzZ8MA&ixlib=rb-4.1.0&w=1200&h=630&fit=crop&crop=entropy&auto=format,compress&q=60",{"photographerName":69,"photographerUrl":70,"unsplashUrl":71},"Harold Mendoza","https:\u002F\u002Funsplash.com\u002F@haroldrmendoza?utm_source=coreprose&utm_medium=referral","https:\u002F\u002Funsplash.com\u002Fphotos\u002Fwhite-concrete-building-under-cloudy-sky-during-daytime-6xafY_AE1LM?utm_source=coreprose&utm_medium=referral",true,"washington-crypto-policy-update-focusing-on-clarity-act-momentum",{"score":62,"type":75,"sourceCount":76,"topSourceDomains":77,"detectedAt":81,"mentionsLast7Days":82},"spiking",12,[78,79,80],"forbes.com","coindesk.com","coinfomania.com","2026-06-25T10:11:30.446Z",2,{"key":84,"name":85,"nameEn":85},"crypto","Crypto & Blockchain",[87,89,91,93],{"text":88},"The House passed H.R. 3633 (the CLARITY Act) in July 2025 by 294–134, and the Senate Banking Committee advanced the bill 15–9 on May 14, 2026, creating a plausible bipartisan path to floor consideration.",{"text":90},"The bill assigns primary jurisdiction over “digital commodities” to the CFTC and preserves SEC oversight of primary‑market fundraising via an offering exemption capped at $75 million in sales over 12 months.",{"text":92},"Passage requires overcoming three chokepoints: securing 60 votes on the Senate floor, merging Agriculture Committee commodity provisions, and reconciling the Senate and House texts before presidential signature.",{"text":94},"The CLARITY Act bans interest‑like rewards on passive stablecoin balances while permitting activity‑based rewards tied to payments or platform usage, and it includes provisions curbing CBDC use and Fed retail offerings.",[96,99,102],{"question":97,"answer":98},"Where does the CLARITY Act stand in Congress right now?","The CLARITY Act is the primary federal vehicle for digital‑asset market‑structure reform and has moved from concept to active legislative contention. The House approved H.R. 3633 294–134 in July 2025, and the Senate Banking Committee advanced a Senate version 15–9 on May 14, 2026, including bipartisan support from Democrats Ruben Gallego and Angela Alsobrooks. The bill now faces a narrow path to final passage: it needs 60 votes to clear a Senate filibuster, must be reconciled with Agriculture Committee commodity language, and requires House–Senate agreement before heading to the White House. Each of those steps presents substantive policy and political choke points that could derail or materially alter the package.",{"question":100,"answer":101},"What substantive regulatory changes would the CLARITY Act make?","The Act reallocates jurisdiction: the CFTC would be the lead regulator for “digital commodities” and related intermediaries, while the SEC would retain authority over primary‑market fundraising through a tailored exemption. It creates statutory definitions for “digital commodity” and “mature blockchain,” requires offering statements for exempt sales up to $75 million in 12 months, and embeds anti‑fraud, disclosure, and market‑integrity tools, shifting the regime from enforcement‑led to statute‑based oversight.",{"question":103,"answer":104},"What should market participants watch next in Washington?","Monitor Senate whip counts and floor scheduling, amendments on ethics and CBDC language, and negotiations with the Agriculture Committee over commodity provisions. Also watch SEC\u002FCFTC coordination moves—such as joint interpretive releases—and industry shifts in public support, since changing coalition dynamics have previously delayed markups and can determine the bill’s final shape.",[106,113,120,125,129,134,138,142,147,155,162,169,173,178,184],{"id":107,"name":108,"type":109,"confidence":110,"wikipediaUrl":111,"slug":112,"mentionCount":82},"6a392ce5add847c9a850f90a","MiCA","concept",0.9,"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FMica","6a392ce5add847c9a850f90a-mica",{"id":114,"name":115,"type":109,"confidence":116,"wikipediaUrl":117,"slug":118,"mentionCount":119},"6a3d1c74536f1d147fe15773","Issuers using the SEC exemption",0.88,null,"6a3d1c74536f1d147fe15773-issuers-using-the-sec-exemption",1,{"id":121,"name":122,"type":109,"confidence":123,"wikipediaUrl":117,"slug":124,"mentionCount":119},"6a3d1c73536f1d147fe1576f","stablecoin 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protocols","6a3d1c74536f1d147fe15771-defi-protocols",{"id":143,"name":144,"type":145,"confidence":110,"wikipediaUrl":117,"slug":146,"mentionCount":119},"6a3d1c74536f1d147fe15774","House vote (July 2025)","event","6a3d1c74536f1d147fe15774-house-vote-july-2025",{"id":148,"name":149,"type":150,"confidence":151,"wikipediaUrl":152,"slug":153,"mentionCount":154},"69d1fc134eea09eba3dff108","Coinbase","organization",0.99,"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FCoinbase","69d1fc134eea09eba3dff108-coinbase",15,{"id":156,"name":157,"type":150,"confidence":158,"wikipediaUrl":159,"slug":160,"mentionCount":161},"6a29ddc18ea3c8b9fa2c7c11","Senate Banking Committee",0.96,"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FUnited_States_Senate_Committee_on_Banking%2C_Housing%2C_and_Urban_Affairs","6a29ddc18ea3c8b9fa2c7c11-senate-banking-committee",4,{"id":163,"name":164,"type":150,"confidence":165,"wikipediaUrl":166,"slug":167,"mentionCount":168},"69d1fc134eea09eba3dff104","SEC",0.98,"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FSEC","69d1fc134eea09eba3dff104-sec",3,{"id":170,"name":171,"type":150,"confidence":165,"wikipediaUrl":117,"slug":172,"mentionCount":168},"69d1fc134eea09eba3dff105","CFTC","69d1fc134eea09eba3dff105-cftc",{"id":174,"name":175,"type":150,"confidence":110,"wikipediaUrl":176,"slug":177,"mentionCount":119},"6a3d1c72536f1d147fe15765","U.S. Senate","https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FUnited_States_Senate","6a3d1c72536f1d147fe15765-u-s-senate",{"id":179,"name":180,"type":150,"confidence":181,"wikipediaUrl":182,"slug":183,"mentionCount":119},"6a3d1c73536f1d147fe1576b","Federal Reserve",0.93,"https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FFederal_Reserve","6a3d1c73536f1d147fe1576b-federal-reserve",{"id":185,"name":186,"type":150,"confidence":116,"wikipediaUrl":187,"slug":188,"mentionCount":119},"6a3d1c73536f1d147fe1576d","Agriculture Committee","https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FCommittee_on_Agriculture","6a3d1c73536f1d147fe1576d-agriculture-committee",[190,197,204,211],{"id":191,"title":192,"slug":193,"excerpt":194,"category":11,"featuredImage":195,"publishedAt":196},"6a42828596accbf99516fa08","Trump’s 2025–2026 Crypto Regulations: How Policy Could Reshape Bitcoin and Digital Assets","trump-s-2025-2026-crypto-regulations-how-policy-could-reshape-bitcoin-and-digital-assets","Trump 2.0’s 2025 Crypto Reset: From Crackdown to “Crypto Capital”  \n\nTrump’s January 2025 return brought a rapid pivot from the Gary Gensler–era, enforcement‑led model at the SEC.[2] A January 23 exec...","https:\u002F\u002Fimages.unsplash.com\u002Fphoto-1612278920639-cfbae3835fee?ixid=M3w4OTczNDl8MHwxfHNlYXJjaHwxfHx0cnVtcCUyMGFkbWluaXN0cmF0aW9uJTIwMjAyNSUyMDIwMjZ8ZW58MXwwfHx8MTc4Mjc0MzY4NXww&ixlib=rb-4.1.0&w=1200&h=630&fit=crop&crop=entropy&auto=format,compress&q=60","2026-06-29T14:42:07.254Z",{"id":198,"title":199,"slug":200,"excerpt":201,"category":11,"featuredImage":202,"publishedAt":203},"6a41435c4a41cbd6e4b8986f","Sophon Sunsets Its Blockchain to Go All-In on Consumer Apps","sophon-sunsets-its-blockchain-to-go-all-in-on-consumer-apps","After nine months running a ZK-powered Layer-2 (L2) on zkSync’s stack, Sophon is shutting down its chain and rebuilding as an app-first studio on Base.[4][6] The team, which raised roughly $60–70 mill...","https:\u002F\u002Fimages.unsplash.com\u002Fphoto-1638818835454-c9f083c6b817?ixid=M3w4OTczNDl8MHwxfHNlYXJjaHwxfHxzb3Bob24lMjBzdW5zZXRzJTIwaXRzJTIwYmxvY2tjaGFpbnxlbnwxfDB8fHwxNzgyNjYxOTgwfDA&ixlib=rb-4.1.0&w=1200&h=630&fit=crop&crop=entropy&auto=format,compress&q=60","2026-06-28T16:01:45.153Z",{"id":205,"title":206,"slug":207,"excerpt":208,"category":11,"featuredImage":209,"publishedAt":210},"6a3de515c51e8cc136ebf84c","Grayscale Says Top 15 Revenue-Generating Crypto Protocols Look Undervalued: What’s Behind the Discount?","grayscale-says-top-15-revenue-generating-crypto-protocols-look-undervalued-what-s-behind-the-discount","After a long bear market, a pocket of value has appeared in on‑chain, cash‑flowing protocols. Grayscale’s June 24 research note highlights 15 top‑earning applications trading mostly at single‑digit mu...","https:\u002F\u002Fimages.unsplash.com\u002Fphoto-1591696205602-2f950c417cb9?ixid=M3w4OTczNDl8MHwxfHNlYXJjaHwxfHxncmF5c2NhbGUlMjByZXBvcnQlMjB0b3AlMjByZXZlbnVlfGVufDF8MHx8fDE3ODI0NDEyMzd8MA&ixlib=rb-4.1.0&w=1200&h=630&fit=crop&crop=entropy&auto=format,compress&q=60","2026-06-26T02:42:18.981Z",{"id":212,"title":213,"slug":214,"excerpt":215,"category":11,"featuredImage":216,"publishedAt":217},"6a3cfefbc51e8cc136ebe276","Washington DC Crypto Policy Developments and the Future of the CLARITY Act","washington-dc-crypto-policy-developments-and-the-future-of-the-clarity-act","US crypto policy is shifting from ad‑hoc enforcement to a statutory market structure built around the CLARITY Act and parallel agency initiatives.[3][5] A Trump 2.0 White House now treats digital asse...","https:\u002F\u002Fimages.unsplash.com\u002Fphoto-1581097543550-b3cbe2e6ea6e?ixid=M3w4OTczNDl8MHwxfHNlYXJjaHwxfHx3YXNoaW5ndG9uJTIwY3J5cHRvJTIwcG9saWN5JTIwZGV2ZWxvcG1lbnRzfGVufDF8MHx8fDE3ODIzODIzMzF8MA&ixlib=rb-4.1.0&w=1200&h=630&fit=crop&crop=entropy&auto=format,compress&q=60","2026-06-25T10:19:06.840Z",["Island",219],{"key":220,"params":221,"result":223},"ArticleBody_j3H1RNEYY6gqEGuUQJFHNBbHu8nluneX02eA8oBQ78",{"props":222},"{\"articleId\":\"6a3d1abcc51e8cc136ebe4c0\"}",{"head":224},{}]