US Senate pushes CLARITY Act forward as crypto industry urges swift passage

Lawmakers are holding a final round of negotiations on the CLARITY Act before the Senate’s August recess. The bill, which passed the House in July 2025 and cleared the Senate Banking Committee in May 2026, would split oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Supporters say the split will reduce regulatory confusion, improve consumer protection and give businesses clearer rules.

Industry groups are adding pressure. The Consumer Technology Association, representing more than 1,200 technology firms including Amazon, Apple and Google, sent a letter to Senate leaders urging an accelerated vote, warning that regulatory uncertainty hampers product launches and investment. Senator Cynthia Lummis of Wyoming, a vocal champion of the legislation, argued that “regulatory ambiguity doesn’t just hurt builders, it helps criminals.” The outcome of the upcoming talks could determine whether the CLARITY Act reaches a full Senate vote before the summer break, shaping the future of U.S. crypto regulation and market competitiveness.