According to The Block, the U.S.-based Solana Policy Institute has sent a letter to bipartisan Senate leaders urging them to advance the Clarity Act to a floor vote before the congressional legislative window closes in early August. The proposal is intended to provide regulatory clarity for crypto developers, institutions, and consumers in the United States. It also incorporates the Blockchain Regulatory Certainty Act, which would create a "non-money transmission" safe harbor for non-custodial software developers. The latest Republican version of the bill adds an ethics provision that would bar federal public officials and their spouses from issuing or sponsoring digital assets, with that provision set to expire on Jan. 20, 2029. SPI said the legislation would help prevent what it described as regulatory and criminal enforcement overreach toward software developers while preserving domestic building momentum in the U.S.
According to The Block, the Solana Policy Institute has sent a letter to bipartisan Senate leaders in the United States, urging them to move the Clarity Act digital asset bill to a vote before Congress's legislative window closes in early August.
The bill is designed to provide regulatory clarity for U.S. crypto developers, institutions, and consumers. It would also establish a "non-money transmission" safe harbor for non-custodial software developers through the Blockchain Regulatory Certainty Act.
The latest Republican version adds an ethics provision that would prohibit federal public officials and their spouses from issuing or sponsoring digital assets. That provision is set to sunset on Jan. 20, 2029.
SPI said the legislation would help prevent regulatory and criminal enforcement "overreach" against software developers and support continued building momentum in the United States.
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