Clarity Act Draft Introduces Restrictions on Trump‑Associated Crypto Enterprises

Today’s draft marks a significant step toward a Senate vote on the Clarity Act that we have been advocating for, said Cody Carbone, CEO of the Digital Chamber, in a statement. “We are encouraged and remain committed to seeing the legislation reach the president’s desk.”

A notable relief for the DeFi sector is the preservation of the Blockchain Regulatory Certainty Act, which ensures that developers who do not control user assets will not be classified as money transmitters and therefore avoid associated compliance requirements. The draft also introduces provisions on federal preemption, provisional registration processes, and commodity pool operators, all of which are currently under intensive review by regulators and industry experts.

Miller Whitehouse‑Levine, chief executive of the Solana Policy Institute, highlighted several key provisions of the bill: it would establish clear rules for token offerings and exchanges, permit financial institutions to leverage public blockchains, require federal agencies to develop a regulatory framework for tokenized securities and futures markets on‑chain, and most importantly, institute strong consumer and developer safeguards.

Senate Democrats convened a press conference last week to voice their opposition to the Clarity Act, cautioning that the crypto industry’s expanding sway in Washington warrants close scrutiny.

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