Trump's agreement on the Clarity Act is a turning point for the entire crypto market.
The US presidential administration has reached a fundamental compromise, agreeing to an ethical norm that had been blocking the advancement of the Clarity Act (H.R. 3633) in the Senate. This is not just a bureaucratic concession — it is the removal of the last barrier to the first comprehensive federal regulation of the crypto industry in the US.
What the breakthrough is about
The main conflict revolved around an ethical amendment prohibiting government officials from receiving income from digital assets. Democrats insisted on strict restrictions, while the president, whose personal crypto income for 2025, according to the OGE, amounted to about $1.4 billion, resisted. In the end, the White House accepted stricter wording. Key crypto advisor Patrick Witt stated that he remains in his position to see the law through, even postponing military training. David Sacks, chairman of the President's Council of Advisors on Science and Technology, publicly welcomed this decision.
Why this changes everything
The Clarity Act delineates the powers of the SEC and the CFTC, transferring primary control over the crypto market to the CFTC. This means that a clear status will be defined for each token: commodity or security. It was precisely the lack of such classification that had constrained institutional investors for years. Pension and sovereign wealth funds could not enter assets without a clear legal status. Simon Dedic of Moonrock Capital called this agreement "the largest positive catalyst in the history of the crypto market." JPMorgan analysts also point to this step as the main trigger for an influx of institutional capital.
Current situation and timeline
The law has already passed the House of Representatives in the summer of 2025 and the Senate Banking Committee in May 2026. Now, for passage in the Senate, 60 votes are needed. Republicans hold 53 seats, meaning at least seven Democrats must be brought on board. So far, only two of them have declared their support. Majority Leader John Thune plans a vote before August 7. In case of a delay, the matter will be postponed until the fall. After the Senate, the document will return to the House of Representatives, and the final step will be the president's signature.
My expert opinion
The passage of the Clarity Act will be a watershed moment. The GENIUS Act previously raised market capitalization above $4 trillion, but the Clarity Act will have an even more powerful impact. It will permanently end the era of lawsuits and regulatory pressure through enforcement, making a repeat of collapses on the scale of FTX impossible. For Russian investors, the effect will be indirect but tangible: a global influx of liquidity and the standardization of asset classification will lift the entire market, including assets used through foreign platforms.