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Crypto
Clarity Act faces more legislative headwinds as U.S. Catholic groups join opposition
The U.S. crypto market structure bill known as the Clarity Act is facing opposition from Catholic leaders and groups. A total of 82 leaders and organisations sent a letter to bipartisan Senate leaders opposing parts of the bill, citing Catholic social teaching on solidarity and protecting vulnerable people. They objected to a provision dubbed the Blockchain Regulatory Certainty Act, which would exempt decentralised crypto software developers from criminal prosecution.
Crypto
Clarity Act faces last-minute hurdles as Galaxy Digital CEO travels to Washington
Prospects for the CLARITY Act, seen as key legislation for the U.S. crypto market, are tied to three issues: the scope of regulation for Web3 developers, resistance from law enforcement agencies and a tight congressional schedule. Galaxy Digital CEO Mike Novogratz went to Washington for urgent meetings, aiming to pass the bill within 4 weeks before the summer recess. Polymarket odds for passage in 2026 fell to 48 percent from 62 percent.
Crypto
Developer protection becomes flashpoint in U.S. CLARITY Act debate as Solana Policy Institute steps in
Christine Smith (크리스틴 스미스), CEO of the Solana Policy Institute, urged the U.S. Senate to keep developer protection provisions in the CLARITY crypto market structure bill. She argued open-source developers and blockchain infrastructure providers should not be regulated as financial intermediaries. Smith also cited the BRCA bill, which aims to provide legal clarity for developers and infrastructure providers that do not custody customer assets or control transactions.
