Wire · regulatory
Politicians And Crypto Leaders Clash Over Newly Released CLARITY Act Text
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Fusion42 · 23 July 2026 · Fusion42 review
Senate Republicans and the White House released the updated CLARITY Act text, which centralises crypto enforcement under the DOJ, disassociates non-custodial developers from money transmitter rules, and includes a sunset clause on ethics provisions expiring January 2029. Democrats oppose the text citing weak enforcement and loopholes, whilst crypto industry leaders express cautious support, though passage odds remain at 33% on Polymarket.
This Wire brief sits within Fusion42's coverage of Fintech, and 34 sources have reported it between 21 Jul 2026 and 4 Sep 2026.
◆ ◆ The Wire takeaway
If you build non-custodial crypto tools, the CLARITY Act just exempted you from money transmitter regulation - but only if Congress passes it by January 2029. Call your customers and competitors now; the regulatory runway is finite and narrower than it looks.
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34 sources · first reported 21 Jul 2026 · latest 4 Sep 2026
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