Over 1 million Americans urge senators to support the CLARITY Act

More than 1 million Americans have now contacted their US senators in support of the Digital Asset Market Clarity Act, a grassroots mobilization driven in large part by organizations like Stand With Crypto.

What the CLARITY Act actually does

The CLARITY Act, formally known as H.R. 3633, was introduced on May 29, 2025, by Rep. J. French Hill. Its core mission is to delineate regulatory authority between the CFTC and the SEC, replacing the current patchwork of enforcement actions and guidance letters with actual legislation. The bill passed the Senate Banking Committee with a 15-9 vote on May 14, 2026.

A revised version of the bill, running 616 pages, was released on July 22, 2026. The updated text added ethics rules and a sunset provision set for 2029, meaning Congress would need to revisit and reauthorize the framework before the decade is out.

The coalition pushing for passage

On July 24, 2026, a coalition of prominent industry groups, including the Crypto Council for Innovation and the Blockchain Association, publicly urged the Senate to prioritize the CLARITY Act.

Fidelity, which manages $7.1 trillion in assets, endorsed Senate passage of the bill in late July 2026, adding institutional weight to what had been primarily a grassroots effort.

Why this matters beyond the Beltway

The current regulatory ambiguity has been one of the most cited reasons that institutional capital has been slow to enter digital asset markets at scale. A clear federal framework would change that calculus. The bill also addresses consumer protection and illicit finance by establishing federal standards rather than relying on a patchwork of state-level rules and ad hoc enforcement.

The ethics provisions added in the July revision have generated debate, and the specific implementation details around how digital commodities like Bitcoin and Ether would be treated under the framework remain a subject of ongoing discussion.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.