Powerful Coalition Demands Vote on Crypto's CLARITY Act
The long-awaited Clarity Act, which seeks to regulate the U.S. cryptocurrency market, is gaining renewed momentum with key endorsements from major police organizations, including the Major Cities Chiefs Association. Lawmakers are pushing for its passage before the August recess, having incorporated new provisions to address financial crime and ethics in government. However, the bill continues to face bipartisan debate, with some Democrats still critical of its current form.
The Clarity Act, a long-anticipated piece of legislation aimed at establishing a comprehensive regulatory framework for the cryptocurrency market within the United States, is currently experiencing a renewed surge of support. Lawmakers are actively striving to advance the bill, hoping to secure its passage before Congress's departure for the August recess. Significant backing has recently emerged from the Major Cities Chiefs Association (MCCA), a non-profit organization comprising police chiefs from major U.S. cities. On Thursday, the MCCA publicly stated its satisfaction with the latest amendments to the bill, particularly commending the new title that incorporates additional law enforcement provisions.
A letter from the MCCA, initially shared on X by Semafor White House reporter Eleanor Mueller, confirmed that “The most recent changes to the legislation have earned MCCA’s support.” The organization further elaborated, noting that the bill now “includes a new title with additional law enforcement provisions,” representing “a meaningful step toward improving the ability of law enforcement to investigate financial crimes involving digital assets.” This endorsement follows similar support last week from The National Fraternal Order of Police, signaling growing approval from the law enforcement community.
Despite its bipartisan drafting, the Clarity Act has faced considerable challenges and remained in a deadlock for much of 2026, even after receiving strong bipartisan support and passing in the House of Representatives last year. Previous obstacles included concerns raised by the banking lobby regarding stablecoin yield, as well as calls from some lawmakers for improvements related to ethics. To address these issues, an updated version of the Clarity Act was introduced last week. A key new provision bans government officials and their family members from issuing or promoting cryptocurrency. This change appears to acknowledge criticisms directed at President Trump’s crypto business interests, which have drawn allegations of conflicts of interest due to his family's involvement with meme coins and the decentralized finance protocol, World Liberty Financial.
Further collaborative efforts are evident through suggested changes submitted by Democratic Senator Catherine Cortez Masto, in conjunction with two law enforcement groups, which she reportedly felt “good” about. While major financial institutions, numerous lawmakers, and various companies have expressed their support for the latest draft of the bill, a coalition of Democrats last week issued a statement indicating that they believe the legislation, in its current form, still falls short. Republicans are now intensely focused on gaining broader bipartisan support this week in an effort to finally advance this crucial legislation.