Early CLARITY Act Deal Reached Between White House and US Lawmakers

Republican Senator Thom Tillis and Democratic Senator Angela Alsobrooks, both members of the Senate Committee on Banking, Housing, and Urban Affairs, have reached an "agreement in principle." Alsobrooks said the deal will "allow us to protect innovation, but also gives us the opportunity to prevent widespread deposit flight," and that it prohibits stablecoin yield on "passive balances." Specific details have yet to emerge, and Tillis said the crypto industry must vet the agreement before it is finalized.

Wyoming Senator Cynthia Lummis, a leading advocate for digital asset policy, said at the DC Blockchain Summit, "We are so close." A spokesperson for Lummis said a deal is expected to materialize in "the next few days," and that she is working to hammer out ethics language in the bill.

The Digital Asset Market Clarity Act of 2025, known as the CLARITY Act, is a major piece of crypto legislation that had been expected to pass after the GENIUS stablecoin framework was signed into law.

United States, Washington, D.C.

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