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CLARITY Act
2026-09-28 12:00:00

Departures and a drafting fight cloud the next phase of the CLARITY Act

The political fight around the CLARITY Act has shifted from whether the bill should move forward to who will shape its next draft. According to the source article, a widening group of stakeholders now wants a hand in rewriting the digital asset market structure bill after the Senate version was blocked in January. Coinbase CEO Brian Armstrong said he opposed sending the earlier draft to committee because it had major flaws in DeFi, tokenization, Commodity Futures Trading Commission authority, and stablecoin yield provisions, adding that those issues were later fixed in a revised draft submitted about four months later. The dispute has since expanded. Banks pushed back first, prompting a series of White House meetings with crypto and banking executives. Law enforcement officials raised concerns about developer protections and illicit finance risks. Filings disclosed in June showing President Trump had $1.4 billion in crypto-related income also increased calls from both parties for ethics provisions. At the same time, vacancies at both the U.S. Securities and Exchange Commission and the CFTC have added to uncertainty. The article argues the next chapter may be shaped by who is leaving Washington. Senator Thom Tillis, Senator Cynthia Lummis, and SEC Commissioner Hester Peirce are all exiting key roles, removing several figures who had helped bridge partisan divides in crypto policy debates. With the 120th Congress ahead, bipartisan networks may prove decisive in drafting the next version of the bill.

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