America’s largest police union, the National Fraternal Order of Police (FOP), and three crypto organizations have publicly supported the Digital Asset Market Clarity Act.
In a July 24 letter, FOP President Patrick Yoes reported on the agency’s progress in revising Section 10604 of the Blockchain Regulatory Certainty Act (BRCA). The latest integration empowers law enforcement agencies in the digital asset space.
Crypto organizations promote the CLARITY Act
On the same day, the Blockchain Council, the Crypto Council and the Digital Chamber together urged the Senate to consider the Law. Theirs letter another part says:
“This is an important opportunity for the Senate to change the status quo by enacting sustainable digital finance legislation that protects consumers, protects markets, and ensures innovation thrives in the United States.”
Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, expressed confidence in the proposed bill, saying:
“I am optimistic that we can get the necessary votes.”
A storm is a passing opportunity
In particular, Democrats continue to oppose the CLARITY Act, citing it behavioral problems regarding President Trump’s crypto activities. Senator Thom Tillis now says the President will soon meet with the Senate to find an agreement on these reservations. The exact date has not been given.
Best regards, Senator Cynthia Lummis has recently been confirmed that the Act mandates bankruptcy-grade bankruptcy protection. This law would protect investors’ money from the bankruptcy of service providers, and guarantee cryptocurrencies as the property of users only.
However, the odds of the CLARITY Act passing in 2026 are still low at 35% and 40.6% for Polymarket and Kalshi, respectively.
Source: Opinions of the company Grayscale Investments
Poor sentiment is driven by repeated delays, including bankers and Democrats opposing parts of the bill. Watch for the upcoming meeting of the President and the Senate and the subsequent vote on July 27.
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