{"id":76020,"date":"2026-07-27T21:45:38","date_gmt":"2026-07-27T21:45:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blackrock-backs-the-clarity-act-congress-is-running-out-of-time-to-pass-it\/"},"modified":"2026-07-27T21:45:38","modified_gmt":"2026-07-27T21:45:38","slug":"blackrock-backs-the-clarity-act-congress-is-running-out-of-time-to-pass-it","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blackrock-backs-the-clarity-act-congress-is-running-out-of-time-to-pass-it\/","title":{"rendered":"Blackrock Backs the CLARITY Act \u2014 Congress Is Running Out of Time to Pass It"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Blackrock described the CLARITY Act as a framework supporting innovation and investor protection.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Senate leaders are racing to advance the bill before the legislative calendar grows more crowded.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Senator Thune expects the Senate\u2019s work to extend beyond its approaching August recess.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Blackrock Adds Wall Street Pressure<\/h2>\n<p>Congress is running out of time to pass the CLARITY Act as the Senate\u2019s legislative calendar grows more crowded.<\/p>\n<p>Blackrock endorsed the CLARITY Act in <a href=\"https:\/\/www.politico.com\/newsletters\/morning-money\/2026\/07\/27\/iran-and-tariffs-the-political-story-is-prices-01012400\" target=\"_blank\" rel=\"noopener noreferrer\">a statement provided to Politico\u2019s Morning Money<\/a>, with Senior Managing Director and Global Head of Market Development Samara Cohen describing the legislation as:<\/p>\n<blockquote>\n<p>\u201c\u2026 an important step toward establishing a regulatory framework for digital assets that puts investors first.\u201d<\/p>\n<\/blockquote>\n<p>She added that the bill would \u201chelp the United States shape the next era of market structure\u201d by supporting innovation while preserving transparency, resilience, and investor protections.<\/p>\n<p>Her endorsement adds to growing support from traditional finance for federal cryptocurrency legislation. <a href=\"https:\/\/news.bitcoin.com\/7-trillion-financial-giant-fidelity-urges-senate-to-pass-clarity-act\/\">Fidelity\u2019s call for Senate approval<\/a> placed another major asset manager behind the proposal, while <a href=\"https:\/\/news.bitcoin.com\/goldman-sachs-ceo-backs-clarity-act-as-senate-divides-over-crypto-bill\/\">Goldman Sachs CEO David Solomon\u2019s backing<\/a> and <a href=\"https:\/\/news.bitcoin.com\/schwab-clarity-act-catalyst-white-house-thune\/\">Charles Schwab\u2019s view that the legislation could accelerate digital asset adoption<\/a> expanded Wall Street\u2019s support for clearer digital asset rules.<\/p>\n<h2>The Senate\u2019s Legislative Window Narrows<\/h2>\n<p>The Senate\u2019s work has continued even as the legislative calendar tightens. Last week, Senate Republicans <a href=\"https:\/\/www.lummis.senate.gov\/press-releases\/lummis-releases-updated-clarity-act-text\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener noreferrer\">released updated CLARITY Act text<\/a> reflecting the merged work of the Senate Banking and Agriculture committees, saying the coming weeks represent the best opportunity for years to enact comprehensive digital asset market structure legislation.<\/p>\n<p>U.S. Senator John Thune (R-SD), the Senate majority leader, said the Senate\u2019s work is likely to extend beyond the August recess, underscoring the limited time lawmakers have to advance the bill this year.<\/p>\n<p>Thune\u2019s comments have reinforced concerns that the Senate\u2019s crowded legislative calendar could<a href=\"https:\/\/news.bitcoin.com\/clarity-act-has-two-weeks-to-clear-the-senate-or-risk-getting-lost-in-midterm-politics\/\"> narrow the window for action on the CLARITY Act this year<\/a>. With Republicans holding a 53-47 majority, most legislation still requires at least 60 votes to overcome procedural hurdles, leaving the bill dependent on bipartisan support. Those challenges prompted some policy analysts to <a href=\"https:\/\/news.bitcoin.com\/clarity-act-passage-odds-cut-to-30-as-senate-vote-faces-challenges\/\">reduce the bill\u2019s estimated chances of passage this year to 30%<\/a>.<\/p>\n<h2>Crypto Advocates Increase Pressure on Congress<\/h2>\n<p>Stand With Crypto renewed pressure on Congress by highlighting <a href=\"https:\/\/news.bitcoin.com\/crypto-advocates-contact-congress-1-million-times-as-clarity-act-pressure-builds\/\">nearly one million contacts from supporters<\/a> as lawmakers face a narrowing window to advance the CLARITY Act. The advocacy group, which says it has about three million registered members, reported more than 925,000 emails to Congress in 2025 and over 1.1 million contacts since its founding.<\/p>\n<p>The crypto advocacy group is also raising the political stakes for senators weighing the legislation. Stand With Crypto said <a href=\"https:\/\/news.bitcoin.com\/every-clarity-act-vote-will-be-scored-3-million-crypto-advocates-want-senators-to-vote-yes\/\">every Senate vote on the CLARITY Act will be added to its public congressional scorecard<\/a>, allowing roughly three million registered advocates to see how lawmakers voted. The organization said the scorecard is intended to hold elected officials accountable on digital asset policy as the bill moves through the Senate.<\/p>\n<h2>What the CLARITY Act Changes for Investors<\/h2>\n<p>Under the proposal, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) would receive defined responsibilities covering different segments of the digital asset market. Issuers using certain exemptions would also face disclosure obligations involving their blockchain systems, operations, and token distributions.<\/p>\n<p>Investors could receive more standardized information before purchasing covered digital assets, while compliant businesses would obtain clearer registration and trading pathways. Those requirements could influence which tokens reach regulated platforms, how exchanges handle customer assets, and which cryptocurrency services traditional financial institutions offer.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/blackrock-backs-the-clarity-act-congress-is-running-out-of-time-to-pass-it\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Blackrock described the CLARITY Act as a framework supporting innovation and investor protection. Senate leaders are racing to advance the bill before the legislative calendar grows more crowded. Senator Thune expects the Senate\u2019s work to extend beyond its approaching August recess. Blackrock Adds Wall Street Pressure [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":76021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76020"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76020"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76020\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76021"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}