The CLARITY Act has officially moved onto the Senate legislative calendar following its passage through the Banking Committee in May. However, the bill now faces its most difficult hurdle: securing enough political support for a full floor vote.<\/p>\n\n\n\n
Growing focus on the 2026 midterm elections is further complicating the situation. As the campaign season approaches, Congressional legislative priorities are shifting toward issues with broader public appeal, leaving limited time for progress on cryptocurrency reforms.<\/p>\n\n\n\n
Despite these political challenges, lawmakers continue to work on the CLARITY Act, which aims to establish American leadership in regulation and ensure reliable consumer protections. Senator Lummis told Eleanor Terrett that a Senate review of the bill will likely be postponed until after the July 4th recess. This delay stems from the need to balance a crowded legislative schedule and prioritize key issues ahead of the upcoming elections.<\/p>\n\n\n\n
One of the most contentious points in negotiations is whether stablecoin issuers should be allowed to offer yields to users. The banking sector, including representatives from JPMorgan, warned that such a model could turn stablecoins into direct competitors for traditional bank deposits. They argue this creates risks for the financial system without sufficient regulatory safeguards.<\/p>\n\n\n\n
Consequently, Jamie Dimon criticized the fact<\/strong> that crypto companies are offering products that resemble bank deposits without being subject to the same regulations as traditional banking institutions.<\/p>\n\n\n\n In parallel, lawmakers are still seeking consensus on rules for decentralized finance (DeFi) protocols and the division of oversight authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).<\/p>\n\n\n\n Proponents of the bill received a boost this week after the SEC published its strategic plan for 2026-2030<\/strong>.<\/p>\n\n\n\n In the document, the regulator officially identified digital assets as a technology with the potential to transform financial infrastructure for the first time. This signals a more constructive approach to the sector under the leadership of Chairman Paul Atkins.<\/p>\n\n\n\n Nevertheless, markets remain cautious. Data from prediction platforms show that the probability of the CLARITY Act passing in 2026 has decreased in recent days, hovering around 50%. This reflects growing doubts about whether Congress can finalize the reform before the political calendar begins to dominate the agenda in Washington.<\/p>\n","protected":false},"excerpt":{"rendered":" The CLARITY Act faces Senate delays until after July 4th as lawmakers debate stablecoin yields and Jamie Dimon warns of risks to traditional banking.<\/p>\n","protected":false},"author":104,"featured_media":191996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[424,71],"coin_category":[],"class_list":["post-191997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-crypto","tag-stablecoin"],"acf":[],"yoast_head":"\nSEC Begins Shifting Its Tone Toward the Crypto Industry<\/h2>\n\n\n\n