Over 1 million Americans have contacted their senators in support of the CLARITY Act, a grassroots mobilization driven largely by Stand With Crypto. Introduced in May 2025 by Rep. J. French Hill, this bill (H.R. 3633) aims to delineate regulatory authority between the CFTC and the SEC in the digital asset sector. The legislation passed the Senate Banking Committee on May 14, 2026, in a 15-9 vote, and a revised 616-page version incorporating ethics rules and a 2029 sunset provision was released on July 22, 2026. Fidelity, managing $7.1 trillion in assets, alongside a coalition including the Crypto Council for Innovation and the Blockchain Association, publicly endorsed the bill’s passage.
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