What the CLARITY Act is
The Digital Asset Market CLARITY Act is a proposed U.S. federal law to create a clear regulatory framework for cryptocurrencies — defining which assets are regulated by which agency (e.g., CFTC vs. SEC), setting rules for exchanges, tokenized assets, and DeFi, and reducing “regulation by enforcement.”
House passage: It passed the U.S. House in 2025, but the Senate version has been repeatedly delayed and remains unfinished in early 2026.
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🛑 Why it’s stalled
Political and industry divisions are key:
Senate disagreements: Lawmakers can’t agree on amendments — especially around stablecoin rewards, DeFi oversight, and jurisdictional authority
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Industry pushback: Major exchanges, notably Coinbase, withdrew support after controversial changes that could restrict stablecoin yields and expand surveillance-like provisions.
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Banking lobby influence: Traditional banks have lobbied for more restrictions — especially on yield-bearing crypto products weakening crypto-friendly drafts.
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White House/legislative challenges: Even a recent White House meeting failed to bridge differences among stakeholders.
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