Why are banking groups seeking changes to the CLARITY Act?

The organisations said the bill needs clearer rules for digital asset yield products and banking services.

What is the CLARITY Act?

The CLARITY Act is proposed US legislation that would create a regulatory framework for digital assets.

These products allow customers to earn returns on digital assets through lending, staking or similar services.

The groups said regulatory certainty would help banks offer digital asset services while meeting existing legal requirements.

No. The legislation is still moving through the US legislative process and could change before any final vote.

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Written by Heidi Cuthbert Published Jul 15, 2026, 2:22 AM

Several US banking associations have asked lawmakers to change the CLARITY Act before it moves forward in Congress.

The groups said the bill should better define how digital asset yield products are regulated.

"Clear and consistent rules are essential for banks serving digital asset customers," the associations said.

The organisations warned that unclear language could create legal uncertainty for banks offering crypto-related services.

The proposal asks lawmakers to align the legislation with existing banking regulations and supervisory standards.

The CLARITY Act aims to establish a regulatory framework for digital assets and clarify the roles of US financial regulators.

Banking groups said they support digital asset innovation but want clear rules that protect consumers and maintain financial stability.