Crypto’s Big Win? Key Bill Could Pass in July, Despite Election Year Hurdles

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Key Crypto Bill Could Pass in July, Industry Lobbyist Says

As a researcher following the digital asset space, I’m hearing that the Clarity Act – potentially the most important piece of legislation affecting how these markets operate – could become law as soon as July. Kristin Smith, a long-time observer of Washington politics, is the source of this information, and her insights are usually spot on.

In a recent Fortune interview, Smith, who leads the Solana Policy Institute and previously headed the Blockchain Association, said the bill will likely face significant challenges.

It’s famously hard to pass laws on their own during an election year. To avoid political delays, lawmakers sometimes add smaller, specific bills to larger, essential pieces of legislation that absolutely need to be approved.

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Smith noted that this plan needs official approval from the top Democrats and Republicans overseeing the related committees. Currently, that approval isn’t happening, largely because of opposition from figures like Senator Elizabeth Warren.

Brian Armstrong, the CEO of Coinbase, unexpectedly pulled his backing of the proposal, stating that recent changes seemed to give an unfair advantage to traditional banks. This withdrawal has made it even more difficult for the proposal to move forward, as reported by U.Today.

However, Smith points out that the situation has shifted because of involvement from the White House. They recently criticized traditional banks and asked them to be more accommodating.

July 2026 would be the primary deadline for passage before Congress breaks for its August recess.

The very last chance to act on this would be in December 2026, during the brief period after the midterm elections when the current Congress is still in session.

More optimism 

I’m really encouraged by what Ripple‘s CEO, Brad Garlinghouse, is saying. He believes there’s as much as a 90% chance the Clarity Act will pass through Congress by the end of April, and that’s a pretty bullish sign for the whole crypto space, in my opinion.

Brian Armstrong, the CEO of Coinbase, initially paused his support for the bill, which put it in danger of failing. However, he has now returned to the White House to try and reach a compromise on the most debated parts of the legislation.

Arkansas Congressman French Hill recently suggested on Fox News that a compromise could be reached.

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2026-03-07 00:06