
Over 1 million Americans contacted their senators on the CLARITY Act. Fidelity endorsed it. The bill's odds sit at 27% after a Senate delay. Here is what comes next.
More than 1 million Americans have contacted their U.S. senators in support of the Digital Asset Market Clarity Act, a grassroots push driven largely by Stand With Crypto. The milestone signals the kind of political pressure that has been missing from earlier digital-asset lobbying efforts.
The CLARITY Act, H.R. 3633, was introduced on May 29, 2025, by Rep. J. French Hill. It aims to split regulatory authority between the CFTC and the SEC, replacing the current enforcement-driven system with a statutory framework. The bill cleared the Senate Banking Committee on a 15-9 vote on May 14, 2026.
A 616-page revised version dropped on July 22, 2026. New additions include ethics rules and a sunset provision set for 2029, meaning Congress would have to reauthorize the framework before the decade ends. Two days later, a coalition that includes the Crypto Council for Innovation and the Blockchain Association publicly urged the Senate to move the bill forward.
Fidelity, which manages $7.1 trillion in assets, endorsed the bill in late July 2026. That gave the effort institutional weight that had been missing from what was largely a grassroots campaign.
The core argument: regulatory ambiguity has kept institutional capital on the sidelines. A clear federal framework would change that. The bill also sets federal standards for consumer protection and illicit finance, replacing the current mix of state-level rules and ad hoc enforcement.
The ethics provisions added in the July revision have drawn debate. Exactly how digital commodities like Bitcoin and Ether would be treated under the final framework remains unresolved.
The CLARITY Act odds sink to 27% after Senate delays crypto bill earlier this month. The sudden grassroots surge may test whether political pressure can shift those odds before the next floor vote.
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