The Crypto CLARITY Act received several updates on Wednesday as it moves through the US Senate. A key change bans presidents and federal officials from issuing or sponsoring digital assets. The bill aims to provide regulatory clarity between the SEC and CFTC and maintain US leadership in digital finance. It passed the House in July 2025 and cleared two Senate committees before Memorial Day 2026. Per predictions platform Polymarket, odds of passage fell to 39% after the new draft.
The Crypto CLARITY Act received several updates on Wednesday as it moves through the US Senate toward the White House. The Senate has 15 days to pass the bill before leaving for summer recess.
On Wednesday, Senate Republicans released a new draft bill for discussion. One of the biggest changes is a ban on presidents and federal officials from issuing or sponsoring crypto and other digital assets.
This change is notable given recent involvement in digital assets by several US officials, including President Donald Trump and his World Liberty Financial (WLFI) and TRUMP crypto tokens. The Crypto CLARITY Act will provide regulatory clarity to prevent companies from facing contradictory or ambiguous rules from the SEC and CFTC.
The act also aims to maintain US leadership in digital finance by creating a framework that encourages domestic blockchain development. The bill passed the House of Representatives in July 2025 and cleared two Senate committees before Memorial Day 2026.
Per predictions platform Polymarket, odds of the Crypto Clarity Act passing crashed to 39% after Senate Republicans released the new draft bill.
