US Crypto Rules Update: CLARITY Act's Senate Path Ahead

The CLARITY Act, a US market structure bill aimed at clarifying federal rules for digital assets, continues to navigate its path through Congress.

The House passed its version of the bill in July 2025, but the bill's fate now rests with the Senate. The current compromise text remains confidential, leaving stakeholders uncertain about the final form of the legislation.

Banks and crypto firms have differing opinions on key provisions, particularly those related to rewards programs. Banks warn that such incentives could trigger deposit flight, while crypto companies see them as a normal tool for customer growth and mainstream adoption.

Late April is seen as the next critical juncture for Senate movement, with published bill text, a Senate Banking Committee schedule, and signs of bipartisan support or opposition expected to provide clarity on the bill's prospects. As the CLARITY Act inches closer to its final form, market observers will be watching closely for any indication of a workable compromise between lawmakers, banks, and crypto companies.