Summary
On July 24, the CLARITY Act endorsement coalition widened beyond crypto-native advocates to include Fidelity ($7.1T managed assets), Goldman Sachs CEO David Solomon, and the 382,000-member National Fraternal Order of Police (reversing its earlier opposition) — even as seven Democratic senators maintained objections and the August-recess window narrowed.
Key Points
- Fidelity Public Policy urged Senate passage of CLARITY Act (Fidelity: $7.1T managed assets, $18T AUA, $37.7B 2025 revenue).
- Goldman Sachs CEO David Solomon added institutional support.
- Stand With Crypto reports 950,000 constituent contacts backing Senate action.
- 382,000-member National Fraternal Order of Police endorsed revised bill, reversing April opposition; concerns "satisfactorily addressed."
- FOP joins NOBLE (endorsed); Major County Sheriffs of America moved to neutral; a 70,000+ prosecutor/sheriff coalition still seeks changes.
- Revisions addressing law-enforcement: noncontrolling-developer protections clarified not to curtail criminal investigations; safe harbor for voluntary suspicious-transaction holds; BSA obligations for covered exchanges/brokers/dealers.
- Title IX: grant program for state/local digital-asset enforcement, training, digital-asset cyber innovation center, elder-fraud protections.
- Senate Banking Committee CLARITY overview: tailored disclosure, anti-fraud authority, SEC/CFTC jurisdiction split, centralized-intermediary standards, developer/P2P protections.
- Grayscale's Pandl: bill must clear Senate in next two weeks or get "drowned out by midterm politics."
- Senate needs 60 votes; seven Democratic senators object (ethics, enforcement, consumer protection, illicit finance, market integrity).
- Prediction markets put 2026 passage odds in the low-to-mid 30s percent.
- House passed H.R. 3633 294-134 (July 2025); Senate Banking advanced 15-9 (May 2026).