Who supports the passage of Clarity Act?
On July 23rd, 2026, Thursday, Grayscale released a news report stating their support for the “Clarity Act”, a bill also known as Digital Asset Market Clarity Act and is created for establishing a regulatory framework for cryptocurrencies and digital assets. The Asset Manager of Grayscale further states that the Clarity Act may soon be passed by the Senate if bipartisan negotiators can make progress and make decisions for issues currently being reviewed and negotiated.
It is important to note that the Clarity Act, while passed by the House of Representatives in 2025, is still in the process of awaiting Senate full floor vote. To further add, the looming deadline for August Recess, where Senators will proceed to take a leave, is an added factor for why supporters of the Clarity Act urge decisions to be made soon. If bipartisan negotiators cannot settle after negotiations, the August Recess will approach and while the bill is not definitely rejected, the progress will remain stagnant and is indefinitely delayed for the rest of the year.
What does the Clarity Act do?
The Clarity Act aims to provide regulatory framework for cryptocurrencies and digital assets by permanently setting a division for regulatory jurisdiction of two governing bodies: The Securities and Exchange Commission (SEC) and Commodity Future Trading Commission (CFTC). The regulatory framework will act as a definitive line in terms that (1) Digital Commodities will be regulated by Commodity Future Trading Commission (CFTC) and (2) Investment contracts will be regulated by Securities and Exchange Commission (SEC). Beyond these major provisions, the framework also proposes adoption of public blockchain technology, rules for tokens which will change overtime, extend rules for stablecoin yields, and other Anti-Money Laundering and Operational Compliance rules for overseeing cryptocurrency and digital assets.
Why is the Clarity Act still in progress?
The Clarity Act has a major roadblock; a reason why negotiations are still in progress. The initial ethics clause of the bill prohibits bureaucrats and lawmakers in public offices to acquire and invest in digital assets while serving the public to which Senate Democrats argued and opposed to, citing the bill will not proceed unless the stated provisions are amended. As of July 2026, Senate Republicans have reported that they will amend the bill with essential ethics provisions to secure the votes of Senate Democrats.
In present, there is still no final ruling for the Clarity Act. Supporters of the bill, like Grayscale, still hope for the bill to pass to have an existing regulatory framework for cryptocurrencies and digital assets with definitive lines for governing regulatory bodies.
