Nearly 1 million contacts with Congress, plus backing from Fidelity, Goldman Sachs, and the Fraternal Order of Police, push CLARITY Act toward Senate floor. Seven Democrats still object.
Alpha Score of 64 reflects moderate overall profile with strong momentum, moderate value, moderate quality, moderate sentiment.
Stand With Crypto said its supporters have contacted Congress nearly 1 million times, renewing pressure on senators to pass the CLARITY Act before the August recess. The advocacy group, which claims roughly 3 million registered advocates, reported that advocates sent more than 925,000 emails to Congress in 2025 and more than 1.1 million since its founding.
The CLARITY Act would set a federal framework for digital assets, dividing oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. It would also establish registration, disclosure, and customer-asset requirements for crypto businesses.
Fidelity, which reported $7.1 trillion in managed assets and $18 trillion under administration for 2025, urged senators to pass the bill, arguing that nationwide rules would strengthen investor confidence. Goldman Sachs CEO David Solomon backed the legislation as well, adding a prominent Wall Street voice to the campaign. Goldman carries an AlphaScala Alpha Score of 51 (Mixed).
The Fraternal Order of Police, representing 382,000 active and retired officers, endorsed the revised bill after changes preserved protections for criminal investigations. The changes also maintained safeguards for suspicious-transaction holds and digital asset seizures. House Majority Whip Tom Emmer called the endorsement “big news,” saying FOP support would help keep the United States a leader in digital assets.
Seven Senate Democrats said the latest draft still falls short on ethics, consumer protections, illicit finance controls, conflicts of interest, and market integrity. Their objections center partly on restrictions governing digital asset activity by elected officials and their families. The revised bill would prohibit federal officials and their spouses from issuing or sponsoring digital assets for compensation, require divestment or blind trusts in some cases, and impose penalties on intermediaries that knowingly list prohibited tokens.
Senator Cynthia Lummis released revised text on July 22 combining work from the Senate Banking and Agriculture committees. The Senate Banking Committee previously advanced the legislation in a bipartisan 15-9 vote. No Senate floor vote has been scheduled. Grayscale research chief Zach Pandl warned that the bill could be overtaken by midterm election politics if it does not clear the Senate within the next two weeks.
Supporters are urging action before the August recess. Negotiators are expected to continue discussions, but the unresolved dispute leaves the timing of Senate action uncertain.
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