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Stand With Crypto renews CLARITY Act push as Senate faces ethics hurdle

Stand With Crypto renews CLARITY Act push as Senate faces ethics hurdle

Support widened to Charles Schwab, Fidelity, Goldman Sachs CEO David Solomon and the Fraternal Order of Police, but Democratic concerns tied to Trump-linked token gains and other safeguards leave the bill short of 60 Senate votes before recess.

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Fact Check
Every component of the claim is corroborated. POLITICO's primary reporting confirms Goldman Sachs CEO David Solomon's endorsement on July 23, 2026. DeFi Education Fund confirms the FOP's July 24, 2026 endorsement letter to the Senate Banking Committee. Bitcoin.com confirms Stand With Crypto's renewed CLARITY push plus Fidelity, Goldman Sachs, and FOP endorsements, and notes seven Democrats oppose the draft with no floor vote scheduled. Coingape confirms Charles Schwab's backing and Thune's admission that the bill lacks the 60 votes needed and may miss the August recess. The minor imprecision is that FOP endorsed the bill generally (H.R. 3633 / amended CLARITY) rather than being described narrowly, but this does not materially affect the claim's accuracy.
Summary

Stand With Crypto has intensified its campaign for the CLARITY Act as backing for the U.S. crypto market-structure bill broadened to include Charles Schwab, Fidelity, Goldman Sachs CEO David Solomon and the Fraternal Order of Police. The bill would create a federal framework for digital assets by clarifying when the SEC or CFTC oversees a cryptocurrency or market intermediary, affecting exchange registration, token listings, customer disclosures and enforcement involving fraud or manipulation. Even with broader support, no Senate floor vote has been scheduled and the measure still appears short of passage, with recent accounts putting support at 51 votes versus the 60 needed, as Democratic demands for stronger ethics, consumer-protection and illicit-finance safeguards intensified amid reported Trump-linked token gains.

Terms & Concepts
  • CLARITY Act: Proposed U.S. legislation to establish digital asset market structure and clarify whether the SEC or CFTC oversees parts of the crypto market.
  • SEC: U.S. securities regulator that would share oversight of digital assets and intermediaries under the bill.
  • CFTC: U.S. derivatives regulator that would share oversight of digital assets and intermediaries under the bill.