CLARITY Act passed by the House one year ago but still has not advanced in the Senate
2026-07-18 23:32
Odaily Planet Daily News One year after the U.S. House of Representatives passed the CLARITY Act, the bill has still not advanced in the Senate. House lawmakers held a hearing on July 17 at Federal Hall National Memorial in New York to discuss how the bill could establish clearer rules for the digital asset market.
House Majority Whip Tom Emmer stated that nearly 80 Democrats joined Republicans in passing the CLARITY Act, but the Senate has yet to make measurable progress. Participants in the hearing included representatives from Nova Labs, Bullish, WisdomTree, and Coin Center.
House Financial Services Committee Chairman French Hill said that while GENIUS and dollar-backed stablecoin laws exist, without a market structure bill, the digital asset ecosystem still lacks the rule system needed to support its operations. Senator Cynthia Lummis stated on July 14 that the Senate version of the CLARITY Act is ready, and the text of the bill will be released within days.
House Majority Whip Tom Emmer stated that nearly 80 Democrats joined Republicans in passing the CLARITY Act, but the Senate has yet to make measurable progress. Participants in the hearing included representatives from Nova Labs, Bullish, WisdomTree, and Coin Center.
House Financial Services Committee Chairman French Hill said that while GENIUS and dollar-backed stablecoin laws exist, without a market structure bill, the digital asset ecosystem still lacks the rule system needed to support its operations. Senator Cynthia Lummis stated on July 14 that the Senate version of the CLARITY Act is ready, and the text of the bill will be released within days.
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