Crypto advocacy groups support CLARITY passage as ethics rules face pushback
The Crypto Council for Innovation, Digital Chamber, and Blockchain Association urged Senate leaders to bring the Digital Asset Market Clarity (CLARITY) Act to the floor before the August recess. The bill has cleared the Senate banking and agriculture committees, but some senators want changes before supporting it. Republicans released the latest text with ethics rules preventing public officials from issuing or sponsoring cryptocurrencies, yet several Democrats say the provisions do not go far enough to address corruption. The bill needs 60 Senate votes, making bipartisan support essential. Crypto industry leaders, including Coinbase’s Brian Armstrong, argue the measure would replace the current enforcement-driven approach with a federal framework, stronger consumer protections, and clearer rules for law enforcement and non-custodial protocols. If no vote happens before August, consideration could slip into the period before the 2026 midterms.
