National Fraternal Order of Police endorses Clarity Act

Jul 24, 2026

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.