Cortez Masto Backs Revised Clarity Act Amid Bipartisan Efforts

A bipartisan effort to pass the Clarity Act, which would set clear crypto regulations in the US, has seen progress. Democratic Senator Catherine Cortez Masto and two law enforcement groups have expressed optimism about proposed changes to the bill.

The National Association of Assistant U.S. Attorneys and the National District Attorneys Association, alongside Cortez Masto, feel 'good' about resolving the issue with the new proposal. The changes were sent to the White House and aim to address concerns over ethics and protection of crypto developers from prosecution for illicit activity on platforms they create.

The Clarity Act has been in deadlock since 2026, but lawmakers are hoping it will pass before Congress departs for August recess. Despite some sticking points, major institutions such as Fidelity and Goldman Sachs have expressed support for the revised bill.