CLARITY Act Faces Midterm Clock as Crypto Voters Push

Fidelity, which oversees about $7.1 trillion in managed assets, has entered the fray. It urged senators to support the CLARITY Act, according to a letter cited by press reports. The firm’s entry adds weight to the lobbying push, which already included more than 1 million contacts to Congress from crypto supporters, Stand With Crypto said.

What would reduce the risk of the bill stalling? Bipartisan support in the Senate Banking Committee could keep it moving before the August recess. A markup scheduled for September would be a positive sign, observers said.

What would make the stall more likely? A crowded legislative calendar, drawn-out floor debates, or opposition from consumer protection groups arguing the bill lacks safeguards. Critics have said any framework must include strong anti-fraud and market manipulation protections.

The next concrete marker is the Senate Banking Committee’s schedule. If the CLARITY Act does not reach the floor before October, the election calendar could push it into a new Congress with fresh priorities.

For crypto voters, the outcome will affect exchange access, investment products, and the federal role in digital finance. The 2026 midterms may turn out to be a referendum on how Washington defines the future of digital asset markets.