Timeline of Key Events
Click a milestone to see details.
Jul 17 — Expected draft release failed; odds dropped from 60–70% to 36%.
Remaining Hurdles
Click a step to learn about the obstacle.
The updated draft must be formally introduced before the August recess.
Global Competition
Click a highlighted country for its regulatory approach.
Why This Bill Matters
The CLARITY Act would move crypto regulation out of the hands of changing SEC administrations and put clear rules into law. Without it, the industry returns to enforcement-driven policy where projects face lawsuits instead of building. Investors stay on the sidelines. This bill is designed to give the US a stable, durable framework — regardless of who becomes the next SEC Chair.
What If…
Passes 2026: Stable rules attract builders and investors; US becomes clear global leader in crypto innovation. SEC enforcement recedes.