Wire · regulatory
CLARITY Act Could Mirror Telecom Act, Patrick McHenry Says
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Fusion42 · 17 July 2026 · Fusion42 review
Former House Financial Services Chair Patrick McHenry argues the proposed CLARITY Act could reshape U.S. financial regulation similar to the 1996 Telecommunications Act, providing regulatory certainty for digital assets whilst creating consumer protections and enforcement tools. McHenry frames the bill as breaking 30 years of crisis-driven regulation by proactively building a future financial system.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
If you're building in crypto or digital assets, you're about to move from regulatory limbo to a defined rulebook—the first serious one in 30 years. The window to shape those rules before they're locked in is closing; McHenry's backing means this is no longer a fringe proposal.
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1 source · 17 Jul 2026
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