The National Fraternal Order of Police backs the CLARITY Act after reviewing the DeFi provision. Senate Republicans lack a bipartisan deal, and Polymarket shows a 35% chance of passage in 2025.
The National Fraternal Order of Police reversed its position on the CLARITY Act this week, endorsing the crypto bill after the group said a revised provision no longer limits law enforcement's ability to pursue crypto crime. The endorsement gives Senate Republicans a fresh talking point. A bipartisan deal is still missing, and the odds of passage this year remain low.
Senator Cynthia Lummis posted a letter from the FOP on Wednesday. The group reviewed a section known as the Blockchain Regulatory Certainty Act, or BRCA. That provision shields DeFi developers from liability for how users deploy their code. After the review, the FOP said the language no longer impairs law enforcement's ability to go after crypto crime. It is the first police or prosecutors' group to back the bill since the latest draft was released.
Senate Republicans published that draft earlier this week. They kept the BRCA section intact. They added language that explicitly strengthens law enforcement powers over crypto-related offenses. The trade-off flipped the FOP.
Several crypto executives are also urging the Senate to call a vote. Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, and Goldman Sachs CEO David Solomon have each said the bill should move. Solomon's support came despite pushback from some bankers who say the stablecoin-yield provisions could trigger deposit outflows.
Three crypto trade groups – the Blockchain Association, the Crypto Council for Innovation, and the Digital Chamber – wrote a joint letter to Senate leaders declaring "strong support" for taking the bill to the floor. "This is a crucial opportunity for the Senate to improve upon the status quo by establishing durable rules for digital assets that protect consumers, safeguard markets, and ensure that innovation can thrive in the United States," the letter read.
Senate Majority Leader John Thune cast doubt on the timeline earlier this week. He signaled that Republicans do not have the votes to pass the CLARITY Act before the August recess. A bipartisan deal has not materialized, and several Senate Democrats have voiced opposition to the current version.
Polymarket, a prediction market popular among crypto traders, shows a 35% probability that President Trump signs the bill into law this year. That number has drifted lower over the past two weeks as public objections from Democrats stacked up. A floor vote before August would require Thune to schedule one, something he has not committed to doing.
The bill has one major law enforcement endorsement, a pair of high-profile CEO backers, and a Republican conference that wants a vote. What it does not have is the 60 Senate votes needed to clear a filibuster.
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