More than 1 million Americans have contacted their US senators to back the Digital Asset Market Clarity Act, a grassroots campaign led largely by Stand With Crypto. The bill, which would divide oversight of digital assets between the CFTC and the SEC, cleared the Senate Banking Committee in May by a 15-9 vote. Fidelity added its endorsement in late July, giving the push institutional weight.
Over 1 million Americans have now reached out to their senators to push for passage of the Digital Asset Market Clarity Act, a grassroots campaign driven in large part by organizations including Stand With Crypto.
What the CLARITY Act does
The CLARITY Act, formally known as H.R. 3633, was introduced on May 29, 2025 by Rep. J. French Hill. It aims to divide regulatory authority over digital assets 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 by 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.
Industry and institutional backing
On July 24, 2026, a coalition of industry groups, including the Crypto Council for Innovation and the Blockchain Association, 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.
Unresolved questions remain
Regulatory ambiguity has been one of the most cited reasons institutional capital has been slow to enter digital asset markets at scale, and a clear federal framework would change that calculus. The bill also addresses consumer protection and illicit finance by setting federal standards instead of relying on a patchwork of state rules and ad hoc enforcement.
However, the ethics provisions added in the July revision have generated debate, and the specific treatment of digital commodities like Bitcoin and Ether under the framework remains a subject of ongoing discussion.
Source: Crypto Briefing
Trading involves risk.
Risk Disclaimer
