National Fraternal Order of Police endorses Clarity Act

The National Fraternal Order of Police, the largest U.S. police union, has endorsed the Clarity Act for crypto regulation, stating a new draft improves crime-fighting tools. The bill, also backed by crypto industry groups, faces opposition from Sen. Elizabeth Warren, who claims it benefits criminals and President Trump, whose family's crypto ventures have been a point of contention for Democrats.

FOP endorsement

• ▪The FOP announced its support in a letter on July 24, 2026, addressed to Senators Elizabeth Warren and Timothy Eugene Scott
• ▪The National Fraternal Order of Police (FOP), the world's largest organization of sworn law enforcement officers, has endorsed the Clarity Act

Clarity Act provisions

• ▪The FOP stated the revised bill improves law enforcement's ability to protect consumers, investigate financial crimes, and coordinate with federal partners
• ▪The Clarity Act is a crypto market structure bill designed to establish comprehensive regulation for digital assets in the U.S.
• ▪The bill establishes safeguards against fraud involving digital asset kiosks and imposes anti-money laundering and sanctions compliance obligations
• ▪The latest draft of the Clarity Act includes a ban on government officials and their families from issuing or promoting cryptocurrencies

Democratic opposition concerns

• ▪Democratic politicians have argued that President Donald Trump’s family has unfairly profited from crypto ventures
• ▪Senator Elizabeth Warren, a crypto critic, stated on July 22, 2026, that the bill would allow President Donald Trump to profit from crypto and benefit criminals

Crypto industry support

• ▪The crypto trade associations stated the bill is needed to establish the "first comprehensive federal consumer protection framework for digital asset markets."
• ▪On July 24, 2026, the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber also endorsed the Clarity Act

Stablecoin yield controversy

• ▪The Clarity Act has previously been deadlocked due to concerns from banking chiefs over stablecoins and the potential yield they could offer customers
• ▪U.S. banks have worried about losing customers to crypto exchanges offering more attractive products for their deposit base
• ▪Coinbase withdrew its support for the bill in January after clashing with banking chiefs who wanted to ban earning yield on stablecoins