America’s largest police union, the National Fraternal Order of Police (FOP), and three cryptocurrency organizations have publicly supported the Digital Asset Market Clarity Act.
In a letter dated July 24, FOP National President Patrick Yoes attributed the organization’s new position to a review of Section 10604 of the Blockchain Regulatory Certainty Act (BRCA). The latest compilation gives law enforcement agencies authority over crime in the field of digital assets.
Cryptocurrency organizations are pushing for the CLARITY Act
On the same day, the Blockchain Association, Cryptocurrency Council, and Digital Chamber collectively urged the Senate to consider the law. they letter It reads in part:
“This is a critical opportunity for the Senate to improve the status quo by creating permanent rules for digital assets that protect consumers, safeguard markets, and ensure innovation thrives in the United States.”
Patrick Witt, Executive Director of the President’s Council of Advisors on Digital Assets, expressed confidence in the bill’s passage, saying:
“I am optimistic that we can get the necessary votes.”
Headwinds and passing probabilities
Notably, Democrats continue to oppose the CLARITY Act, citing… Moral puzzles Related to President Trump’s encryption endeavors. Senator Thom Tillis now says the president will soon meet with the Senate to find common ground on these reservations. No specific date has been provided.
On the positive side, Senator Cynthia Lummis Recently confirmed The law provides for protection from bankruptcy at the brokerage level. The legislation would protect investors’ money from the bankruptcy of service providers, and ensure that cryptocurrencies belong only to end users.
However, the odds of the CLARITY Act passing in 2026 are still at lows at 35% and 40.6% in Polymarket and Kalshi, respectively.
source: Grayscale investments
These ill feelings are driven by repeated delays, as well as opposition from the Bank and the Democratic Party to certain aspects of the bill. Stay tuned for the President’s next meeting with the Senate and subsequent vote on July 27.
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