The Solana Policy Institute, led by Kristin Smith, is warning about investment risks if the CLARITY Act is not passed soon. This bill, which aims to protect open-source software developers and non-custodial validators from money transmitter obligations, was approved by the Senate Banking Committee in May 2026 with a 15-9 vote. Real-world assets on the Solana network represent approximately $3 billion, including tokenized treasuries and real estate. JPMorgan CEO Jamie Dimon has publicly opposed the legislation, and negotiations regarding conflict-of-interest clauses remain unresolved.
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