The Trump administration seeks to secure passage of the CLARITY Act by 04.07.2026, aiming to establish unified rules for the crypto sector.

Main provisions and regulator roles

The CLARITY Act is intended to define legal boundaries for digital-assets activities and allocate oversight responsibilities between SEC and CFTC.

Lawmakers and the White House say clear jurisdictional lines should reduce regulatory uncertainty and support more consistent enforcement across markets.

Stablecoins and consumer programs

According to officials, negotiators have reached a compromise on stablecoins that would prohibit interest-like payments akin to bank deposit yields.

At the same time, the proposal would preserve customer-facing rewards programs, allowing issuers to continue offering token-based incentives to users.

Legislative timeline and expectations

The White House projects Senate consideration in May and aims for final congressional approval before the public holiday on 04.07.2026.

If adopted, the statute would create a federal framework for crypto operations and clarify compliance obligations for market participants.

Potential operational effects

Regulatory clarity may affect registration requirements, custody rules, and transactional reporting obligations for exchanges and custodians in the United States.

Market participants will need to assess governance, consumer-protection measures, and the changed scope of oversight between the two agencies.