# CLARITY Act

Type: legislation

Source: GetYourBrief — https://getyourbrief.com/entity/clarity-act
Canonical HTML page: https://getyourbrief.com/entity/clarity-act

## Timeline

- **2026-07-16**: E*TRADE Launches Spot Crypto Trading — Morgan Stanley's E*TRADE platform launched spot cryptocurrency trading for Bitcoin, Ethereum, and Solana.
- **2026-07-16**: Bitcoin Pulls Back Amid Geopolitical Tensions — Bitcoin fell 1.3% to $64,087.07, Ethereum down 2.6% to $1,873.08, Solana down 2.0% to $75.80 as U.S.-Iran conflict escalated.
- **2026-07-15**: Spot Bitcoin ETF Inflows Hit $107M — iShares Bitcoin Trust ETF gained $81M, Fidelity Wise Origin Bitcoin Fund added $17M in AUM; Ethereum ETFs also saw $45M inflows.
- **2026-07-03**: Bitcoin Rebounds Above $61,900 — Bitcoin price recovers to above $61,900 amid growing institutional adoption outlook and anticipation of the Clarity Act.
- **2026-07**: Lobbying escalates before August recess — With Congress scheduled to recess in August, JPMorgan and the American Bankers Association ramp up efforts to pressure the Senate to eliminate all stablecoin yield provisions in the CLARITY Act.
- **2026-06-15**: Jacobs Declares Bitcoin 'Too Big to Ignore' — Jay Jacobs, BlackRock's U.S. Head of Equity ETFs, says Bitcoin's utility is driven by the convergence of traditional finance and decentralized finance, and that 75% of IBIT buyers are new to ETFs.
- **2026-06**: Jamie Dimon issues 'shadow banking' warning — JPMorgan CEO Jamie Dimon warns that any yield-bearing stablecoins without bank-like protections could trigger a shadow banking crisis; the banking lobby begins intensified push to ban all yields.
- **2026-05**: Bipartisan stablecoin yield compromise reached — Senators Thom Tillis and Angela Alsobrooks broker a deal to ban passive stablecoin rewards while allowing activity-based rewards, paving a path for Senate action.
- **2026-Q2 (projected)**: Public Comment Period — Industry stakeholders and legal experts submit feedback on the 'rebuttable presumption' clause.
- **2026-Q2 (projected)**: Public Comment Period — Industry stakeholders provide feedback on affiliate reward restrictions and yield bans.
- **2026-03-08**: Talks Break Down — Banks officially reject the compromise, leaving the Clarity Act's future in doubt.
- **2026-03-08**: Talks Collapse — Banks officially reject the compromise, stalling the bill's progress.
- **2026-03-08**: Negotiation Breakdown — Talks officially stall as banking institutions reject the White House compromise proposal.
- **2026-03-08**: Talks Collapse — Banking sector officially rejects the White House compromise, stalling the Clarity Act.
- **2026-03-08**: Talks Collapse — Banking sector rejects the compromise, leading to a fresh roadblock for the bill.

## Recent coverage (20 stories, network-wide)

### Bitcoin Drops 1.3% to $64K as E*TRADE Launches Spot Crypto Trading
2026-07-17 00:19:01 · Sector: crypto · Sentiment: Neutral · Impact: 5/10 · Sources: 4

On July 16, Bitcoin fell 1.3% to $64,087.07 amid risk-off sentiment fueled by US-Iran tensions, while E*TRADE's launch of spot crypto trading marked a major institutional milestone. Crypto market cap dipped to $2.28 trillion as Bitcoin ETFs saw $107M inflows the prior day.
Full story: https://getcryptobrief.com/story/bitcoin-pullback-etrade-crypto-trading

### Clarity Act's 'Mature Blockchain' Definition at Heart of Cathie Wood's $700K Bitcoin Bet
2026-07-12 00:10:27 · Sector: legal · Sentiment: Bullish · Impact: 7/10 · Sources: 2

The Clarity Act's legal framework for crypto, including jurisdiction split between SEC and CFTC, may be the catalyst for Ark Invest's recent purchases. This article analyzes the regulatory definitions and potential litigation impacts.
Full story: https://getlegalbrief.com/story/clarity-act-mature-blockchain-cathie-wood-bet

### Bitcoin Bounces to $63.8K: Bernstein Holds $150K Target with 50% Regulatory Odds
2026-07-07 02:27:37 · Sector: finance · Sentiment: Bullish · Impact: 6/10 · Sources: 2

Bitcoin rebounded to a two-week high of $63,836 as Bernstein analysts reaffirm a 'ambitious' $150,000 year-end target, citing potential regulatory catalysts and institutional maturity. Despite a nearly 50% drawdown from its all-time high, the orderly correction and Strategy's $216M BTC sale without market disruption signal a more resilient asset class.
Full story: https://getfinancebrief.com/story/finance-bitcoin-63800-bernstein-150k-target

### JPMorgan Warns Stablecoin Yields Could Spark Shadow Banking Crisis—2 Public Crypto Firms at Risk
2026-07-07 00:17:02 · Sector: finance · Sentiment: Bearish · Impact: 7/10 · Sources: 1

Jamie Dimon's shadow banking warning is driving a lobbying push that could sink Coinbase and Circle's stablecoin revenue. For investors, the battle over the CLARITY Act presents both a near-term regulatory catalyst and a long-term threat to bank deposit economics.
Full story: https://getfinancebrief.com/story/jpmorgan-stablecoin-yield-shadow-banking-risk

### JPMorgan Lobbying Threatens 2-Senator Stablecoin Yield Compromise in CLARITY Act
2026-07-07 00:15:23 · Sector: legal · Sentiment: Bearish · Impact: 7/10 · Sources: 1

JPMorgan Chase and the banking lobby are pushing to overturn a bipartisan Senate compromise on stablecoin yields, creating new regulatory uncertainty. The fight could reshape the legal framework for digital assets and establish key precedents for how 'shadow banking' risks are defined.
Full story: https://getlegalbrief.com/story/jpmorgan-lobbying-clarity-act-stablecoin-yield-compromise

### Clarity Act Could Open Door for 75% of New ETF Investors in Bitcoin
2026-07-04 00:35:06 · Sector: legal · Sentiment: Bullish · Impact: 7/10 · Sources: 2

The pending Clarity Act could provide the regulatory certainty that institutions need to embrace Bitcoin ETFs, with 75% of BlackRock's IBIT buyers being first-time ETF investors. Legal professionals must understand how this bill reshapes fiduciary duties, custody rules, and securities law for digital assets.
Full story: https://getlegalbrief.com/story/clarity-act-bitcoin-etf-legal

### BlackRock's $500K–$700K Bitcoin Call Gets Backing as Funds Allocate 2-5%
2026-07-04 00:34:56 · Sector: finance · Sentiment: Bullish · Impact: 7/10 · Sources: 2

BlackRock's Larry Fink sees Bitcoin at $500K–$700K if institutions allocate just 2-5% of portfolios, and sovereign wealth funds like Mubadala are already moving. The 75% of IBIT investors new to ETFs underscores a retail-to-institutional shift, though near-term caution from AI stock rotation tempers the outlook.
Full story: https://getfinancebrief.com/story/blackrock-bitcoin-price-prediction-sovereign-wealth

### Bitcoin Hits $61.9K as BlackRock's Jacobs Calls 'Great Convergence'
2026-07-04 00:34:43 · Sector: crypto · Sentiment: Bullish · Impact: 7/10 · Sources: 2

Bitcoin's rebound to over $61,900 comes as BlackRock's Jay Jacobs spotlights the TradFi-DeFi 'great convergence' that is propelling adoption. With 75% of IBIT investors new to ETFs, the barrier between crypto natives and traditional finance is blurring, though midterm caution from AI stock mania persists.
Full story: https://getcryptobrief.com/story/bitcoin-blackrock-great-convergence

### $73 SOL: The Regulatory and Institutional Calculus Behind Solana’s Future
2026-06-28 01:56:36 · Sector: finance · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Solana’s token has collapsed 75% from its $295 peak, wiping out billions in market value. Yet Moody’s integration and the pending CLARITY Act could anchor the blockchain as a backbone for tokenized bonds and stablecoin settlement. Our finance‑focused analysis weighs the risk/reward for institutional investors.
Full story: https://getfinancebrief.com/story/sol-73-regulatory-institutional-pivot

### SOL at $73: Can a 75% Drop Turn Into a 3x Rebound for Solana?
2026-06-28 01:56:25 · Sector: crypto · Sentiment: Neutral · Impact: 5/10 · Sources: 2

After soaring to $295 in early 2025, Solana has cratered to $73 following a security breach and macro headwinds. But with faster transaction throughput than Ethereum, rising developer adoption, and Moody’s integration, believers see a recovery in the making. We break down the three‑year bullish and bearish scenarios.
Full story: https://getcryptobrief.com/story/sol-75-drop-future-outlook

### Musk Disrupts Fintech: X Money Launch Targets PayPal with 6% Yield
2026-03-13 02:08:22 · Sector: finance · Sentiment: Bullish · Impact: 8/10 · Sources: 3

Elon Musk has announced the April launch of X Money, a financial super-app integration for X featuring peer-to-peer payments and a market-leading 6% APY. By leveraging Visa Direct and Cross River Bank, the platform aims to convert X's 600 million users into active banking customers, directly challenging incumbents like PayPal and Cash App.
Full story: https://getfinancebrief.com/story/x-money-launch-musk-fintech-disruption

### Banking Lobby Stalls US Crypto Bill Over Stablecoin Yield Dispute
2026-03-08 00:17:39 · Sector: crypto · Sentiment: Bearish · Impact: 8/10 · Sources: 2

The landmark Clarity Act has hit a significant legislative hurdle as traditional banking institutions reject a White House-brokered compromise regarding stablecoin rewards. President Trump has publicly criticized the banking sector, accusing lenders of intentionally undermining his administration's "Crypto Agenda" to protect their deposit bases.
Full story: https://getcryptobrief.com/story/banking-lobby-stalls-crypto-bill

### Bank Opposition Stalls Landmark U.S. Crypto Bill Despite White House Push
2026-03-08 00:17:02 · Sector: finance · Sentiment: Bearish · Impact: 8/10 · Sources: 2

Negotiations over the 'Clarity Act' have reached a stalemate as traditional banking institutions reject a White House-backed compromise on stablecoin rewards. The deadlock pits the Trump administration's pro-crypto agenda against lenders' fears of a $500 billion deposit flight to digital assets.
Full story: https://getfinancebrief.com/story/crypto-legislation-bank-opposition-roadblock

### Banking Opposition Stalls Clarity Act Over Stablecoin Yield Dispute
2026-03-08 00:16:28 · Sector: legal · Sentiment: Bearish · Impact: 8/10 · Sources: 2

The landmark Clarity Act has hit a significant legislative roadblock as traditional banking institutions reject a White House-brokered compromise on stablecoin rewards. The impasse centers on fears that yield-bearing digital assets could drain $500 billion from traditional bank deposits by 2028.
Full story: https://getlegalbrief.com/story/crypto-legislation-stalls-bank-opposition-clarity-act

### US Crypto Reform Stalls as Banks Reject White House Stablecoin Compromise
2026-03-08 00:16:24 · Sector: startups · Sentiment: Bearish · Impact: 8/10 · Sources: 4

Negotiations for the landmark Clarity Act have reached an impasse after traditional financial institutions rejected a White House-brokered compromise on stablecoin rewards. The breakdown highlights a deepening rift between the banking sector and the digital asset industry over the future of consumer deposits.
Full story: https://getstartupbrief.com/story/us-crypto-reform-stalls-banks-reject-compromise

### US Crypto Reform Stalls as Banks Reject White House Stablecoin Compromise
2026-03-08 00:15:50 · Sector: crypto · Sentiment: Bearish · Impact: 8/10 · Sources: 4

Negotiations over the landmark "Clarity Act" have reached an impasse after traditional banking institutions rejected a White House-brokered compromise regarding stablecoin rewards. The breakdown has drawn sharp criticism from President Donald Trump, who accused lenders of obstructing his administration's pro-crypto legislative agenda.
Full story: https://getcryptobrief.com/story/us-crypto-reform-stalls-banks-reject-compromise

### US Crypto Reform Stalls as Banks Reject White House Stablecoin Compromise
2026-03-08 00:15:16 · Sector: finance · Sentiment: Bearish · Impact: 8/10 · Sources: 4

Negotiations over the landmark Clarity Act have reached an impasse after traditional lenders rejected a White House-brokered deal regarding stablecoin rewards. The breakdown in talks has drawn sharp criticism from President Trump, highlighting a growing rift between the banking sector and the administration's pro-crypto agenda.
Full story: https://getfinancebrief.com/story/us-crypto-reform-stalls-banks-reject-white-house-compromise

### US Crypto Reform Stalls as Banking Sector Rejects Stablecoin Yield Compromise
2026-03-08 00:14:42 · Sector: legal · Sentiment: Bearish · Impact: 8/10 · Sources: 4

Legislative efforts to pass the landmark Clarity Act have hit a significant roadblock after major banking institutions rejected a White House-brokered compromise on stablecoin rewards. The impasse highlights a growing conflict between traditional finance and the digital asset sector over the potential for $500 billion in deposit migration.
Full story: https://getlegalbrief.com/story/us-crypto-reform-bill-stalls-banking-dispute

### Trump Threatens Banks Over 'Hostage' Stablecoin Legislation and Yield Rights
2026-03-04 00:30:14 · Sector: startups · Sentiment: Neutral · Impact: 8/10 · Sources: 2

President Donald Trump has launched a public assault on the banking industry, accusing major financial institutions of sabotaging his signature crypto legislation to protect record profits. The conflict centers on the Clarity Act, a market structure bill currently stalled in the Senate over whether crypto platforms can offer yield on stablecoin deposits.
Full story: https://getstartupbrief.com/story/trump-banks-stablecoin-clash-genius-act

### Trump Threatens Banks Over 'Undermining' Stablecoin Yield and Crypto Agenda
2026-03-04 00:30:07 · Sector: crypto · Sentiment: Neutral · Impact: 8/10 · Sources: 2

President Donald Trump has issued a stern warning to the banking sector, accusing institutions of holding the Clarity Act hostage to protect record profits. The conflict centers on a legislative battle over whether crypto platforms can offer yield on stablecoin deposits, a move banks fear will trigger significant deposit flight.
Full story: https://getcryptobrief.com/story/trump-threatens-banks-crypto-clarity-act

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