U.S. crypto companies may need to wait until 2026 for comprehensive market structure legislation despite strong support from the White House, industry lobbyists said at New York’s SmartCon conference. The CLARITY Act, intended to create federal rules for crypto trading, custody, and intermediaries, has stalled amid the government shutdown and competing policy priorities.
Crypto Council for Innovation CEO Ji Hun Kim said he expects a “mad dash” to advance the bill but doubts it will reach the president’s desk this year. Blockchain Association CEO Summer Mersinger and Digital Chamber CEO Cody Carbone echoed the outlook, despite bipartisan backing.
The bill had been slated to move alongside the GENIUS Act, which set stablecoin rules earlier this year. Lobbyists stressed urgency, noting the risk of regulatory reversal under future administrations. They cited the Biden era’s tougher stance on crypto, warning that delays could hinder innovation and clarity for U.S. digital-asset markets.
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