Senate moves closer to vote on sweeping U.S. crypto regulation

Senate Majority Leader John Thune has initiated a procedural vote to advance the Clarity Act, which aims to create a comprehensive federal framework for cryptocurrency regulation in the US, clarifying asset classification and regulatory jurisdiction. The legislation requires bipartisan support and could increase competition between traditional banks and crypto firms.

This Wire brief sits within Fusion42's coverage of Fintech, and 29 sources have reported it between 22 Jul 2026 and 23 Aug 2026.