Story perspectives

Senate Pushes CLARITY Act to Regulate $4 Trillion Crypto Market

9/21/2025

Summary

Story summary

Senate Democrats, led by Senator Ruben Gallego, advocate for bipartisan support of the CLARITY Act to regulate the $4 trillion crypto market.
The Act includes seven pillars focused on regulatory jurisdiction and preventing illicit finance for clearer digital asset oversight.
Coinbase CEO Brian Armstrong expresses optimism, noting the Act's "unstoppable momentum" for U.S. digital asset innovation.
Senator Cynthia Lummis anticipates President Trump may sign the legislation by year-end, with industry leaders engaged in discussions.
Additionally, the BITCOIN Act proposes the U.S. government acquire one million Bitcoin over five years.

History

Historical Context

The Glass-Steagall Act of 1933 was enacted to separate commercial and investment banking in response to the Great Depression, which caused widespread bank failures. Today, the proposed CLARITY Act seeks to regulate the $4 trillion cryptocurrency market, reflecting ongoing efforts to ensure financial stability. The U.S. government's potential acquisition of one million Bitcoin signifies a pivotal shift in regulatory approaches to emerging financial systems.

1 of 2

Story summary

Senate Democrats, led by Senator Ruben Gallego, advocate for bipartisan support of the CLARITY Act to regulate the $4 trillion crypto market.
The Act includes seven pillars focused on regulatory jurisdiction and preventing illicit finance for clearer digital asset oversight.
Coinbase CEO Brian Armstrong expresses optimism, noting the Act's "unstoppable momentum" for U.S. digital asset innovation.
Senator Cynthia Lummis anticipates President Trump may sign the legislation by year-end, with industry leaders engaged in discussions.
Additionally, the BITCOIN Act proposes the U.S. government acquire one million Bitcoin over five years.

1 / 2