Donald Trump · U.S. · Coinbase · CLARITY Act · Bitcoin Magazine
America’s biggest crypto exchange, Coinbase, pulled support for the bill in January after clashing with banking chiefs who said
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The Clarity Act was passed last year by the House of Representatives but has been deadlocked since 2026.
Key facts
- The Clarity Act was passed last year by the House of Representatives but has been deadlocked since 2026
- Citigroup CEO Jane Fraser has said that while some improvements need to be made to the crypto Clarity Act, the bank wants a “good bill to go
- Lawmakers were trying to get a vote on the Clarity Act through before splitting for recess last week but ran out of time
- Still, the bill has been worked on by both Republicans and Democrats, despite crypto legislation being something pushed by pro-crypto President Donald Trump
Summary
The banking boss said that improvements still need to be made to the long-awaited Clarity Act but that they were willing to work on the legislation to get it over the line. Citigroup CEO Jane Fraser has said that while some improvements need to be made to the crypto Clarity Act, the bank wants a “good bill to go through.” The banking executive said that the bank was a “leader in digital assets” so wanted “safe adoption” of the technology. Lawmakers were trying to get a vote on the Clarity Act through before splitting for recess last week but ran out of time. “We want to have good regulation that supports innovation and also encourages the safe adoption of the capabilities of digital assets,” Fraser said.