U.S. Legislative and Regulatory Landscape
The Crypto Clarity Act continues to draw support from both regulators and the financial industry, but momentum appears uncertain. SEC Chairman Paul Atkins has publicly committed to helping advance the bill, which aims to establish clearer regulatory frameworks for digital assets. Major institutional investors—including BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi—have publicly endorsed the legislation, signaling broad institutional backing.
However, Senate passage remains in question. Recent reporting indicates that lawmakers had hoped to bring the bill to a vote within a week of coverage, but the timeline has reportedly tightened and the measure has been postponed. Industry participants have continued to advocate for the bill's passage, with Wall Street veteran Don Wilson of DRW arguing that regulators are mischaracterizing perpetual futures markets and that traditional finance should embrace crypto trading innovations.
Separately, Gabriel Perez, a Trump administration teleprompter operator who faced accusations of profiting from prediction market bets on Kalshi tied to President Trump's speeches, is no longer employed by the federal government, according to reporting from the Associated Press.
