Solana Institute warns Senate against weakening CLARITY Act

cryptonews05:48

The Solana Institute has urged U.S. senators to preserve key provisions of the CLARITY Act as industry participants increasingly look toward an August timeline for advancing the legislation through ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2643789778?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-16 05:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2643789778","market":"sh","top_or_hot":-1,"title":"Solana Institute warns Senate against weakening CLARITY Act","media":"cryptonews","content":"<div>\n<p>The Solana Institute has urged U.S. senators to preserve key provisions of the CLARITY Act as industry participants increasingly look toward an August timeline for advancing the legislation through ...</p>\n\n<a href=\"https://crypto.news/solana-institute-warns-senate-against-weakening-clarity-act/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Solana Institute warns Senate against weakening CLARITY Act</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSolana Institute warns Senate against weakening CLARITY Act\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-16 05:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/solana-institute-warns-senate-against-weakening-clarity-act/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Solana Institute has urged U.S. senators to preserve key provisions of the CLARITY Act as industry participants increasingly look toward an August timeline for advancing the legislation through ...</p>\n\n<a href=\"https://crypto.news/solana-institute-warns-senate-against-weakening-clarity-act/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOLT","symbol_name":"2x Solana ETF","start_time":0,"source_url":"https://crypto.news/solana-institute-warns-senate-against-weakening-clarity-act/","article_id":"2643789778","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/solana-institute-warns-senate-against-weakening-clarity-act/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2643789778","pubTimestamp":1781560118,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"The Solana Institute has urged U.S. senators to preserve key provisions of the CLARITY Act as industry participants increasingly look toward an August timeline for advancing the legislation through Congress.Solana Institute urged senators to keep BRCA protections intact as the CLARITY Act moves closer to Senate consideration.Kristin Smith said non-custodial developers, validators, and node operators should not be classified as money transmitters.Growing procedural hurdles have pushed expectations for CLARITY Act passage from July 4 toward the August congressional recess.According to Solana Institute President Kristin Smith, the Blockchain Regulatory Certainty Act provisions included in the CLARITY Act should remain unchanged as lawmakers prepare to consider the bill in the Senate.In comments posted on X, Smith said the CLARITY Act could soon reach the Senate floor, while arguing that protections for non-custodial blockchain participants are essential to the legislation.Describing the m","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOLT":"2x Solana ETF","GSOL":"Grayscale Solana Trust ETF","SOLX":"T-REX 2X Long SOL Daily Target ETF","SLON":"ProShares Ultra Solana ETF","BKCH":"AdvisorShares Sabretooth ETF","SSK":"Rex-Osprey SOL + Staking ETF","BSOL":"Bitwise Solana Staking ETF"},"translate_title":"索拉纳研究所警告参议院不要削弱《清晰法案》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BKCH":0.72,"SOLX":1.5,"SOLT":1.5,"BSOL":1.5,"SLON":1.5,"SSK":1.5,"GSOL":1.5},"content_text":"The Solana Institute has urged U.S. senators to preserve key provisions of the CLARITY Act as industry participants increasingly look toward an August timeline for advancing the legislation through Congress.\n\n\nSummary\n\n\n\nSolana Institute urged senators to keep BRCA protections intact as the CLARITY Act moves closer to Senate consideration.\nKristin Smith said non-custodial developers, validators, and node operators should not be classified as money transmitters.\nGrowing procedural hurdles have pushed expectations for CLARITY Act passage from July 4 toward the August congressional recess.\n\n\n\nAccording to Solana Institute President Kristin Smith, the Blockchain Regulatory Certainty Act provisions included in the CLARITY Act should remain unchanged as lawmakers prepare to consider the bill in the Senate.\nIn comments posted on X, Smith said the CLARITY Act could soon reach the Senate floor, while arguing that protections for non-custodial blockchain participants are essential to the legislation.\n\n3/ The industry's leading founders, CEOs, and investors – rivals for talent, capital, and market share – signed a single letter to Senate leaders with one request: do not weaken these protections.https://t.co/qgcnmMQbAD— Kristin Smith (@KristinSmith) June 15, 2026\n\nSmith said the BRCA would establish that blockchain developers, node operators, and validators who do not take custody of customer funds should not be treated as money transmitters under U.S. law.\nShe argued that the language creates a clear distinction between software and infrastructure providers and firms that directly control user assets.\nDescribing the measure as consistent with guidance issued by the Treasury Department’s Financial Crimes Enforcement Network last year, Smith said the provision provides legal certainty for open-source software developers and network operators.\nShe added that major founders, executives, and investors from across the crypto sector had jointly asked Senate leaders not to dilute those protections.\nLawmakers continue debating key provisions\nWhile industry groups push to keep the language intact, several outstanding issues remain under discussion in Washington. Smith noted that BRCA provisions were recently reviewed during a White House meeting involving law enforcement officials, where participants discussed possible changes. Ongoing negotiations over ethics-related language have also remained unresolved.\nThose debates come as lawmakers, regulators, investors, and industry representatives prepare to meet in Chicago for discussions focused on digital asset regulation and market structure legislation.\nAmong the participants expected to contribute to those conversations is Representative Dusty Johnson, who helped advance an earlier version of the legislation through the House Agriculture Committee in a bipartisan 47-6 vote last year.\nCrypto journalist Eleanor Terrett said she is particularly interested in hearing how members of the House Agriculture Committee view the Senate’s version of the CLARITY Act.\nAs chairman of the House Agriculture Committee’s Subcommittee on Commodity Markets, Digital Assets and Rural Development, Johnson is expected to offer insight into how House lawmakers may respond to revisions currently being considered in the Senate.\nAugust timeline gains support\nRecent reporting has suggested that congressional timing may be becoming a larger obstacle than policy disagreements.\nAs crypto.news previously reported, lawmakers, industry organizations, and market observers have increasingly shifted their expectations away from a July 4 signing target and toward the August congressional recess.\nAccording to reporting from Crypto In America cited by Terrett, the Senate must still combine separate versions approved by the Banking and Agriculture Committees, secure 60 votes to advance debate, navigate additional cloture votes on amendments, and pass the final legislation before any revised measure can return to the House.\nTerrett wrote on Monday that even if remaining policy disputes were resolved immediately, the legislative calendar leaves little room for a July 4 signing.\nThe CLARITY Act would establish jurisdictional boundaries for digital assets, placing decentralized cryptocurrencies such as Bitcoin and Ethereum under the oversight of the Commodity Futures Trading Commission while leaving qualifying securities under securities regulators.\nThe bill also contains provisions covering stablecoins, anti-money laundering requirements, decentralized finance activities, and blockchain validators.\nPointing to competitiveness concerns, Smith said the U.S. share of open-source crypto developers has fallen from 38% in 2015 to about 19% today.\nShe argued that maintaining regulatory certainty could influence where future blockchain development takes place, warning that jurisdictions such as Singapore and Abu Dhabi are competing to attract the industry’s next generation of builders.\n\n\n\n\n\n                Read more:\n            \nRobinhood opens AI-powered trading to all users, sending HOOD stock past $100","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2643789778","isCrawlerRequest":true}