Jul 22, 2026
Patrick Witt, the White House's lead crypto policy adviser, will begin months-long Army National Guard training on July 27, handing the CLARITY Act's final push to his deputy as the bill nears a Senate vote before August recess.
The Independent Community Bankers of America, representing thousands of small and mid-sized U.S. banks, is launching an advertising campaign warning of digital asset risks and targeting specific stablecoin reward language in the Clarity Act, escalating tensions between traditional banking and cryptocurrency sectors.
Stand With Crypto and more than 200 companies and organizations sent a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer on June 7, 2026, pressing them to bring the Digital Asset Market Clarity Act to the Senate floor for a vote.
White House crypto adviser Patrick Witt and Treasury Secretary Scott Bessent are urging the Senate to pass the Clarity Act crypto market structure bill, while 160 former law enforcement and national security officials signed a letter supporting the legislation. The bill faces a tight congressional calendar as the Senate resumes floor negotiations.
The U.S. Senate is moving forward with the Clarity Act, which blocks CBDCs while providing regulatory framework for stablecoins, as DTCC simultaneously announces integration of its tokenized securities platform with the Stellar blockchain, marking institutional adoption of public blockchains.
Treasury Secretary Scott Bessent told the Senate Finance Committee that the Trump administration is moving at a 'deliberate speed' to establish a strategic bitcoin reserve and urged Congress to pass the Clarity Act by summer, as the bill faces competition for limited Senate floor time.
Galaxy Digital has opened an over-the-counter prediction markets trading desk for institutional investors, executing its first trade—a $10 million bet with hedge fund Arca on the passage of the CLARITY Act, U.S. crypto legislation.
The US Senate is advancing stablecoin legislation through the Clarity Act while blocking CBDCs, as Andreessen Horowitz urges the Treasury to establish uniform stablecoin regulations under the GENIUS Act to preserve token fungibility and enable payment innovation.
The U.S. Securities and Exchange Commission released its strategic plan for 2026-2030 highlighting digital assets and blockchain as key regulatory priorities, while the Senate prepares to vote on the CLARITY Act this month amid warnings that delays could push comprehensive crypto regulation to 2030.
The cryptocurrency industry has rapidly grown into a significant political force in American elections, spending millions on campaigns, while House Financial Services Committee Chair Rep. French Hill discusses outstanding tokenization policy issues in recent interview.
JPMorgan Chase CEO Jamie Dimon sharply criticized Coinbase CEO Brian Armstrong and the crypto industry's Clarity Act legislation, prompting Senate Banking Subcommittee Chair Cynthia Lummis to call his remarks 'distasteful' and claim he hasn't read the bill. The clash highlights escalating tensions between traditional banking and crypto interests in Washington.
The U.S. Senate Banking Committee voted on May 14, 2026 to advance the Clarity Act, a comprehensive cryptocurrency regulation bill, marking the first major legislative progress for the crypto industry. The approval came despite minority staff releasing a national security advisory warning the bill fails to address vulnerabilities exploited by criminals and foreign adversaries.
The Senate Banking Committee has publicly released the full text of the Clarity Act, a digital asset market structure bill that will establish a regulatory framework for cryptocurrencies. The committee is scheduled to vote on the legislation on Thursday.
Coinbase, Kraken, and Gemini are pushing lawmakers to eliminate provisions in the CLARITY Act that would bar listing of digital assets at risk of manipulation, seeking to ease restrictions on risky asset trading.
The Senate Banking Committee has set May 14, 2026 as the date to mark up the Digital Asset Market Clarity Act, a major cryptocurrency market structure bill, despite resistance from banking lobby groups who rejected a compromise on stablecoin yield provisions.
The Senate's crypto market structure bill, known as the CLARITY Act, faces mounting pressure to advance after months of delays caused by negotiations over stablecoin yield provisions. Senator Thom Tillis signals readiness to move forward to hearings as available Senate floor time diminishes and political uncertainty around leadership grows.
Coinbase and Senate leaders finalized a deal on stablecoin reward provisions, resolving a standoff with the banking lobby. The compromise prohibits rewards that mimic bank deposits while allowing 'bona fide' transactions, clearing a key obstacle for the CLARITY Act's advancement.
More than 100 cryptocurrency companies and industry organizations sent a letter to the US Senate Banking Committee urging action on the CLARITY Act market structure bill. The legislation faces mounting delays over stablecoin yield provisions, with limited floor time remaining in 2026.
Senator Bernie Moreno warned at a Washington event that the CLARITY Act must clear Congress by end of May or risk being shelved until 2030. His statement moved Polymarket odds of 2026 passage from 38% to 46%.
Senator Tillis delayed the stablecoin yield draft for the CLARITY Act amid fresh concerns from banking groups, with the latest text reportedly maintaining a ban on rewards for idle stablecoin holdings while other yield-related provisions remain under negotiation.
The Trump administration backed a proposal for stablecoin issuers to offer yield to investors, drawing pushback from the American Bankers Association which disputes White House claims that stablecoin yield doesn't threaten bank deposits.
White House Council of Economic Advisers released analysis finding that banning stablecoin yield products would boost community bank lending by only 0.02% while imposing significant costs on consumers, countering banking industry lobbying efforts in the CLARITY Act debate.
Senate Banking Committee Chair Tim Scott is expected to schedule a markup of the Digital Asset Market Clarity Act in the final two weeks of April, with renewed optimism following revised stablecoin yield compromise language.
Senators and the White House have reached a tentative agreement to resolve the contentious stablecoin yield restrictions in the CLARITY Act, though the compromise has drawn mixed reactions from the crypto industry. Coinbase reportedly continues to oppose the updated draft language despite the agreement.
Circle Internet Group shares fell as much as 22% in their worst day ever after draft provisions in the CLARITY Act indicated potential limits on stablecoin yield distribution. The proposed legislation may restrict rewards on stablecoin balances, though analysts at Bernstein argue the selloff is overdone as restrictions target distributors rather than issuers.
French Hill, Chairman of the House Financial Services Committee, introduced a new Crypto Market Structure Bill known as the Digital Asset Market Clarity (CLARITY) Act to establish clear rules for digital assets and define regulatory roles.