Wire · operational-macro
CLARITY Act could allow 11 crypto activities for US banks
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Fusion42 · 2 October 2026 · Fusion42 review
The Senate-reported CLARITY Act would enable U.S. banks and credit unions to engage in 11 categories of crypto activities, including digital asset underwriting and dealing, extending permissions beyond current securities market authorities. Banking groups oppose stablecoin rewards provisions that could draw deposits away, while Federal Reserve stablecoin rulemaking continues under the GENIUS Act despite CLARITY's legislative stall.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You must prepare for US banks to hold new crypto powers soon, as the Senate pushes broader digital asset permissions that could reshape custody and underwriting roles. Stablecoin reward rules remain contested, signalling a possible funding shift risk for banks that needs your product or strategy guard.
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1 source · 2 Oct 2026
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