The CLARITY Act will mark a major turning point for crypto regulation.
Clearer rules could strengthen confidence across the industry, encourage greater institutional participation, and create a stronger foundation for blockchain innovation and long-term growth.
Senator Cynthia Lummis said the revised bill has President Trump's full backing.
She dismissed concerns about bank deposit flight and rejected Democratic criticism, adding that Trump will not veto the ethics provisions in the current draft.
Coinbase CEO Brian Armstrong says the U.S. still has no federal law that clearly protects crypto consumers.
He believes the CLARITY Act would change that, providing long-overdue regulatory clarity and delivering major benefits for the country.
CLARITY ACT FINALLY COMING....
The market is massively underestimating what the CLARITY ACT could mean for crypto.
Regulatory clarity has been the biggest missing piece.
BIG NEWS: The White House has finalized an ethics package for the Clarity Act and shared the proposed language with select Senate Republicans this afternoon.
We've been working on the Clarity Act every day for 10 months, and we'll introduce bill text in the next few days β it's time to land this plane. This is about helping law enforcement fight illicit finance, passing consumer protections and keeping these markets onshore in the US.
CLARITY Act Update
The CLARITY Act has not been canceled. It has only been delayed.
July 13β17: Senate procedural vote and final floor vote on the CLARITY Act.
July 20β24: The House and Senate work to finalize the reconciliation process.
July 27 β August 7: President Trump could sign the CLARITY Act into law
The CLARITY Act could be one of the biggest moments for crypto in the U.S.
Clear rules.
More institutional confidence.
Better protection for users.
More room for innovation.
Regulatory clarity has been one of the industry's biggest missing pieces.