Clarity Act Advances Toward Law, Reshaping US Digital Asset Regulations
The Clarity Act has moved a step closer to becoming law after passing a key Senate vote. Approved by the Senate Banking Committee on 14 May, the bill now faces a tight timeline before the 2026 midterm elections. If enacted, it could reshape the regulatory landscape for digital assets in the US. The Senate Banking Committee backed the Clarity Act with a 15-9 bipartisan vote. This approval opens the door for a full Senate debate, followed by House reconciliation and a presidential signature. Only then will the bill take effect.
Grayscale, a leading digital asset manager, identified Ethereum, Solana, BNB Chain, and Canton Network as the primary beneficiaries. These networks dominate in tokenised asset value, stablecoin supply, and decentralised finance (DeFi) activity. Canton Network, in particular, was chosen over Cardano due to its strong institutional support—including validators like JPMorgan, HSBC, and Visa—and its role in the DTCC’s tokenised Treasury pilot.
A second tier of networks—including Avalanche, Base, Arbitrum, Hyperliquid, and Tron—also stands to gain. These platforms have deep exposure to on-chain finance and could see clearer regulatory pathways. Bitcoin, while not a focus of the bill, is expected to benefit indirectly as the industry’s most secure asset under a more defined legal framework. The bill’s progress comes at a critical moment, with lawmakers racing to finalise it before the 2026 midterms. If passed, it would provide long-awaited regulatory clarity for major blockchain networks. The outcome could influence institutional adoption and market stability in the coming years.
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