CLARITY Act Gains Key Support Even as Opposition Threatens Bill’s Prospect

The National Fraternal Order of Police, a key law enforcement group, has declared its support for the CLARITY Act after initially opposing the DeFi provision in the crypto bill. Crypto groups are also pushing for the bill’s consideration even as Republicans are yet to reach a bipartisan deal.

FOP Endorses CLARITY Act Following Latest Draft Release

In an X post, Senator Cynthia Lummis shared a letter from the National Fraternal Order of Police declaring its support for the most recent version of the crypto bill. They noted that upon review of the Blockchain Regulatory Certainty Act (BRCA) provision, they are now satisfied that the provision no longer limits the ability of law enforcement and prosecutors to address crypto crimes.

It is worth noting that the BRCA provision in the CLARITY Act, which protects DeFi developers from user liabilities, had been one of the major issues before now, as law enforcement groups argued that it would make it harder to crack down on illicit finance.

Senate Republicans released the latest draft of the crypto bill earlier this week. Although the BRCA provision remained unchanged, the new version includes a provision that strengthens law enforcement’s power to deal with crypto-related crimes. The FOP is the first law enforcement group to show support for the crypto bill following the release of the latest draft.

Meanwhile, crypto stakeholders have also shown support for the latest CLARITY Act draft. This includes Coinbase and Ripple CEOs Brian Armstrong and Brad Garlinghouse, who urged the Senate to pass the crypto bill.

Goldman Sachs CEO David Solomon has also voiced support for the crypto bill despite bank concerns that the stablecoin rewards provision in the bill could trigger deposit outflows. Despite the support for the bill, there has yet to be a bipartisan deal.

As CoinGape reported, Senate Majority Leader John Thune cast doubt on passing the CLARITY Act before their August recess. This came as he signaled that they do not have the votes yet to pass the bill.

Crypto Groups Push For Bill’s Consideration

Three crypto trade groups, Blockchain Association, Crypto Council for Innovation, and Digital Chamber, wrote a letter to the Senate leaders, declaring their “strong support” for Senate floor consideration of the crypto bill.

“This is a crucial opportunity for the Senate to improve upon the status quo by establishing durable rules for digital assets that protect consumers, safeguard markets, and ensure that
innovation can thrive in the United States,” the letter read.

With a bipartisan deal yet to be reached, a floor vote anytime soon remains unlikely. Crypto traders are currently betting against the bill passing this, with data from the top crypto prediction market platform Polymarket showing only a 35% chance that President Trump will sign the bill into law this year.