CLARITY Act stalls as Trump vows to ‘SAVE America’ first – Approval falls to 35%

The dropping approval odds are pushing the passage odds of the CLARITY Act to the November–December 2026 timeline or New Year's 2027. 

• The CLARITY Act, aimed at establishing a legal framework for digital assets, remains stalled in the Senate despite initial bipartisan support, with approval odds dropping significantly.
• Key debates revolve around disclosure requirements, illicit finance safeguards, and ethical rules for officials, with notable opposition from Senator Elizabeth Warren and criticism from the Bank Policy Institute.
• Institutional giants like BlackRock and Fidelity are lobbying for its passage, but political leverage, particularly from former President Trump, and a packed legislative calendar create substantial uncertainty regarding its timeline for approval.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Regulatory sandboxes pilots, Asset manager initiatives

Tags: #clarityact #digitalassetmarket #cryptoregulation #senate #house #stablecoins #institutionalinvestors #trump #elizabethwarren #cynthialummis

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For a moment, imagine you are running a tokenized Treasury fund.

For a moment, imagine you are running a tokenized Treasury fund. Your investors operate in a market that never closes. Subscriptions can arrive on a Saturday night. Redemption requests can show up at 2:00 a.m. And the people making those requests expect the token, the cash and the underlying value to move with the same speed as everything else in the digital-asset market. You take in the cash. You issue the token. Then you go to put that money to work in the short-term Treasury market. And that market is closed. The same problem can show up in reverse. An investor redeems at an odd hour, so you need to sell Treasuries, move the proceeds through the banking system and settle the transaction. Parts of that process may be closed too. That is the gap BNY appears to be trying to close. According to Bloomberg, BNY plans to introduce tokenized Treasuries and conduct pilot trades on its private blockchain by the end of 2026. It is also aiming to support 24/7 settlement for both conventional and tokenized Treasuries in 2027. Supporting the tokenized side of that equation does not strike me as the most surprising part. Extending the same operating model into the conventional Treasury market does. This is no longer just about creating a digital version of a Treasury security. It is about the operating demands of digital markets beginning to push directly into one of the largest and most important traditional markets in the world. The tokens may be new. The underlying assets are not. But once investors expect the token to move around the clock, the pressure starts building on everything behind it to do the same. Views are my own and not necessarily those of my employer.

• BNY Mellon plans to introduce tokenized Treasuries and pilot trades on its private blockchain by the end of 2026, aiming for 24/7 settlement in 2027.
• The initiative highlights the pressure from digital asset market operating demands pushing into traditional markets like short-term Treasuries.
• This move aims to bridge the gap between the 24/7 nature of digital assets and the traditional market's operational limitations.

Topics: Asset types, Infrastructure providers, Scalability, Financial instruments, Major financial incumbents, Market depth liquidity

Tags: #tokenizedtreasuries #bnymellon #247settlement #digitalassetmarket #blockchain #pilottrades #traditionalmarkets #shorttermtreasurymarket

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Trump and senators meet to resolve CLARITY Act deadlock before August recess

• President Trump and senators met to resolve a deadlock over the Digital Asset Market CLARITY Act, specifically concerning an ethics provision that restricts government officials' ties to the crypto sector.
• The meeting is crucial to pass the bill before the Senate's August recess, as failure could delay enactment until mid-2027.
• Market pricing suggests an increased likelihood of the CLARITY Act being signed into law by the end of 2026, contingent on a compromise regarding the ethics provision.

Topics: Legal regulatory, Political endorsements opposition, 3 1 securities law classification, 13 3 legislative debates

Tags: #clarityact #digitalassetmarket #trump #senate #ethicsprovision #governmentofficials #cryptosector #augustrecess #legislation

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Poland’s President Vetoes Crypto Assets Bill Again, Citing Weak Rules

Poland’s attempt to pass new cryptocurrency market rules has hit another roadblock after President Karol Nawrocki refused to sign the crypto-assets bill. T | Bitget crypto news!

• Poland's President Karol Nawrocki has vetoed the proposed cryptocurrency assets bill for the third time, citing insufficient regulatory rules and consumer protection measures.
• The President stated that the bill did not incorporate most of his office's proposed amendments and was nearly identical to a previously rejected version.
• This repeated veto leaves Poland without a clear regulatory framework for its digital asset market, causing frustration within the government and uncertainty for crypto firms.

Topics: Legal regulatory, Jurisdictions, Political endorsements opposition, Securities law classification, Regulatory sandboxes pilots, Pro innovation policy, Political opposition bans

Tags: #poland #cryptocurrency #veto #presidentkarolnawrocki #cryptoassetsbill #regulation #consumerprotection #donaldtusk #parliament #digitalassetmarket

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