Senate Republicans: Updated Crypto CLARITY Act Released

Senate Republicans released fresh crypto CLARITY Act text on July 22, 2026, containing five major revisions that include strict crypto ethics rules forcing the President, Vice President, members of Congress and federal judges to sell holdings or place them in blind trusts while banning compensated promotion of digital assets. The measure also shields non-custodial developers from automatic money-transmitter status, bars passive interest on stablecoins, boosts funding for state crypto crime enforcement and ensures customer assets stay outside bankruptcy estates. History and prior versions of the US CLARITY Act cryptocurrency legislation show repeated attempts to clarify rules, yet the ethics package still lacks Democratic support and faces further negotiation over DOJ versus state attorney general enforcement powers.