ChainCatcher report, according to The Block, the U.S. Solana Policy Institute has sent a letter to bipartisan leaders in the Senate, urging that the Clarity Act for Digital Assets be brought to a vote before the congressional legislative window closes in early August. The bill aims to provide regulatory clarity for U.S. crypto developers, institutions, and consumers, and establishes a “non-money transmission” safe harbor for non-custodial software developers through the Blockchain Regulatory Certainty Act. The latest Republican version also adds an ethics provision prohibiting federal officials and their spouses from issuing or sponsoring digital assets, with these provisions set to expire on January 20, 2029. SPI states that the bill helps prevent overreach by regulators and criminal enforcement against software developers, preserving momentum for domestic innovation.
Solana Policy Institute Urges Senate to Vote on the Clarity Act Before August
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Summary
The Solana Policy Institute has urged Senate leaders to bring the Clarity Act to a vote before the August legislative deadline. The bill provides regulatory clarity for the U.S. crypto industry and includes a safe harbor for non-custodial developers. A new Republican draft introduces ethics rules for federal officials connected to digital assets. The legislation aims to curb regulatory overreach, protect innovation, and align with CFT (Countering the Financing of Terrorism) objectives.
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