The CLARITY Act is gaining traction in Washington as lawmakers, regulators, and industry leaders get ready to meet in Chicago to talk about the future of US cryptocurrency regulation. Many expect the bill could soon reach the Senate floor, sparking new debate over key parts that the industry sees as vital for innovation.
One of the most closely watched elements is the Blockchain Regulatory Certainty Act (BRCA), which aims to clarify that non-custodial blockchain developers, validators and node operators should not be classified as money transmitters under U.S. law.
Supporters argue that the provision would provide much-needed legal certainty for developers building decentralized networks and open-source software.
Kristin Smith, President of the Solana Institute, recently urged lawmakers to preserve the BRCA language in its current form. She argued that the measure creates a clear distinction between entities that control customer funds and those that merely facilitate blockchain operations.
This debate comes at a crucial time for the US crypto sector. Industry leaders have often warned that unclear regulations are driving innovation abroad. Smith says the US share of global crypto developers has dropped a lot over the past decade, raising worries about long-term competitiveness.
However, some issues are still unresolved. Reports say law enforcement and policymakers are still talking about changes to certain parts of the bill, including ethics sections. These ongoing talks have made some analysts doubt whether lawmakers can meet their ambitious timelines.
The upcoming meeting in Chicago should give useful insight into how both industry members and lawmakers see the Senate version of the bill. Members of the House Agriculture Committee, including Representative Dusty Johnson, are expected to play a big part in the discussions.
For the crypto industry, the outcome could influence how blockchain businesses operate in the United States for years to come.
1/ The Clarity Act may soon head to the Senate floor.
Today in @CoinDesk, I make the case that developer protections – the BRCA – must stay in the bill, fully and intact.
— Kristin Smith (@KristinSmith) June 15, 2026
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