Chris Dixon of a16z urges Congress to pass CLARITY Act
Brian Armstrong also supported the bipartisan regulatory bill.
Bipartisan Path Clears Senate Committee
The measure cleared the Senate Banking Committee in a 15-9 vote this May and now sits ready for floor consideration, though it still needs 60 votes to beat any filibuster and must be reconciled with the House version if it passes.
Timing and Final Details Stay Open
No floor vote date has been locked in yet, prediction markets show roughly even odds before the August recess, and questions around DeFi treatment, stablecoin rules, and possible amendments remain unresolved.
Many users urged quick passage of the CLARITY Act to bring regulatory clarity and retail protections to crypto, while others called it too little too late or unproven at safeguarding consumers.
No Digg Deeper questions have been answered for this story yet.
Most Activity
The Clarity Act is ready for a full Senate floor vote. The bill represents a true bipartisan compromise with thousands of hours of work on both sides, and it couldn't come at a better time. The status quo in the U.S. isn't working. There's no federal framework, so bad actors like FTX can harm U.S. customers and much of the industry has gone offshore totally outside U.S. purview. This bill fixes that with strong consumer protections, real tools for law enforcement, and a path for America to lead in this industry. Crypto can't be uninvented at this point, so whether you love crypto or hate crypto, you should want clear federal laws. And it's also simply good politics: 70% of American voters say the U.S. should have already passed comprehensive crypto legislation. Let's finish this! Special thanks to the @standwithcrypto members who sent 950k contacts to their representatives in congress. Keep it up.
Whether you like crypto, hate crypto, or don’t care, you should want this bill passed. CLARITY will establish comprehensive federal oversight, rigorous rules, and consumer protections where there otherwise are none. It’s now down to the Senate to help America set the standard.
Thank you @SenatorTimScott, @SenLummis, and @JohnBoozman - along with senators and staff on both sides of the aisle - for taking a huge step today to advance the CLARITY Act. Major legislation requires real compromise, and while the industry did not get everything it wanted, this bill is an extraordinary achievement and strikes the right balance. By bringing emerging technology under a clear federal umbrella while preserving the gold-standard protections of the U.S. financial system, this bill represents a major legislative achievement that the Senate should pass without delay.
Thank you @SenatorTimScott, @SenLummis, and @JohnBoozman - along with senators and staff on both sides of the aisle - for taking a huge step today to advance the CLARITY Act. Major legislation requires real compromise, and while the industry did not get everything it wanted, this bill is an extraordinary achievement and strikes the right balance. By bringing emerging technology under a clear federal umbrella while preserving the gold-standard protections of the U.S. financial system, this bill represents a major legislative achievement that the Senate should pass without delay.
By replacing regulatory ambiguity with clear, enforceable law, the CLARITY Act strengthens consumer trust, safeguards national security, and ensures America remains the global leader in modern finance. Now is the time to get it across the finish line.
@brian_armstrong "Fingers crossed, I think in the next few weeks we have a good chance of getting this bill to the full Senate floor" Do we really have that kind of time @brian_armstrong?
@brian_armstrong Brian, you look better with the red hat on Let's, make aliens great again solana:Hon2rHAiqkcDtUzL5gA2vjXPr7T1MPCK2UT2AHKCpump Coinbase
Finally, on governance, the legislation incorporates unprecedented ethics and conflict-of-interest standards for executive branch leadership, explicitly including the President and Vice President for the first time ever. Establishing clear, binding rules for public officials is a noteworthy statutory addition to the broader accountability framework of the bill.
Hundreds of organizations. Thousands of people. Hundreds of thousands of hours. All leading to CLARITY. Today's draft is the most bipartisan and balanced approach ever proposed—a hard struck compromise that will protect builders and consumers. We can't wait any longer.
On national security and illicit finance, the bill establishes a federal framework for open-blockchain networks: •Stronger federal Anti-Money Laundering (AML) standards •Modernized sanction-enforcement tools for Treasury •Enhanced mechanisms for law enforcement coordination Bringing this activity within the U.S. jurisdictional umbrella ensures global digital rails align with American oversight rather than foreign or state-controlled alternatives.
@brian_armstrong Standing with crypto since day one 🛡️
On market structure, the bill draws functional boundaries. Software development alone does not make an entity a financial institution, but centralized platforms cannot evade regulatory duties under the guise of decentralization. Establishing clear statutory rules allows innovation, investment, and infrastructure to flourish while remaining anchored in the U.S.
@brian_armstrong There's a huge difference between seeing wallet activity and actually understanding it. Context is what transforms raw blockchain data into something useful. That's exactly the value @The_blockscapes is bringing to Robinhood Chain.
@brian_armstrong appreciate all your work to help get this across the finish line 🫡 let’s pass it this week!
@brian_armstrong The most corrupt Congress in our history has no interest in establishing an ethics precedent they themselves lean on for their corruption and self enrichment
@brian_armstrong Maybe brian knows this is going to pass and $brain was the last money grab for brian before it passes...
@cdixon the 90s internet comparison is doing a lot of work for a lot of different agendas these days 💀
@brian_armstrong Good God, if the politicians on both sides can even pass this then what the fuck are they good for!!!!!?@@&
@brian_armstrong Yoooo nice PFP Brian!
@0xApollo440 GENIUS sets out the criteria for protecting against the depegging. How can you say it's not sufficient when no payment stablecoin regulated under GENIUS has depegged?
On consumer protection, the CLARITY Act introduces some of the most extensive guardrails ever written for our financial markets: •Customer Asset Protection: Strict 1:1 segregation rules that explicitly bar platforms from misusing or commingling customer funds. •Bankruptcy Safeguards: Clear legal protections ensuring customer assets are bankruptcy-remote, directly addressing the vulnerabilities exposed by failures like FTX. •Market Integrity: Stronger standards for custody, mandatory disclosures, and prohibitions against market manipulation and self-dealing. Crucially, tokenized traditional assets remain subject to foundational securities laws - ensuring new tech does not erase proven safeguards.