The CLARITY Act = the most important missing piece of crypto regulation in the US 🇺🇸 What do we know so far? May 29, 2025 – The CLARITY Act was introduced in the House June 11, 2025 – It cleared both House committees July 17, 2025 – The House officially passed the bill January 15, 2026 – The first Senate Banking markup was postponed The main sticking point was stablecoin rewards. Banks wanted much tighter restrictions, while Coinbase and the broader crypto industry argued that the proposed ban was far too broad. January 29, 2026 – The Senate Agriculture Committee passed the CFTC portion May 12, 2026 – Senate Banking released a new 309-page draft The revised text included compromises on stablecoin yield, protections for validators and oracles, AML provisions, developer protections, tokenization and customer property. May 14, 2026 – Senate Banking advanced the bill in a 15–9 vote However, support at the full Senate level was still not guaranteed, especially if the ethics issue remained unresolved. June 1, 2026 – The bill was placed on the Senate Legislative Calendar July 16, 2026 – Trump met with senators at the White House The meeting focused on the biggest remaining roadblock: Conflict-of-interest rules covering the president, vice president, senior officials and their families’ involvement in crypto. Current status – still no official date for a full Senate vote Expectations are rising that the bill could reach the floor soon, but no final voting schedule has been announced. Prediction markets now price the probability of CLARITY becoming law in 2026 at roughly 30–40%, down sharply from the period immediately after the Senate Banking markup. The main challenge is still securing the 60 Senate votes needed to overcome a filibuster. Ethics remains the biggest issue. At the same time, the banking industry continues to push for a narrower Section 404, arguing that stablecoin reward programs could compete directly with traditional bank deposits. For CLARITY to become law, it still needs to go through: New compromise text → 60 Senate votes → Senate passage → reconciliation with the House version → House approval → Trump’s signature Atm, I think institutions, exchanges, and builders need a framework clear enough to know they can: issue tokens custody assets offer yield build onchain products in the US without worrying that the rules will be rewritten after every election cycle. That is why the passage of the CLARITY Act could become one of the clearest signals for the next major crypto bull run.