Bitwise CIO Warns: Crypto Faces a 3-Year Test if Clarity Act Fails

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The Clarity Act, approved by the House in July 2025, is under Senate review as of January 2026, with input from the Senate Agriculture Committee. Senate hearings and draft proposals are underway, but markups are delayed due to debates on investor safeguards and differences between the House and Senate versions.
The Clarity Act was approved by the US House in July 2025 with support from both parties. As of January 2026, the legislation remains under review in the Senate. The bill is being considered by the Senate Committee on Banking, Housing, and Urban Affairs, while the Senate Agriculture Committee is providing input on CFTC-related provisions.
Senate committees have held hearings and released draft proposals as part of wider market structure legislation. However, markups have been delayed as lawmakers debate issues, including investor safeguards. Differences between Senate drafts and the House-passed bill are still being worked through.
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