CLARITY Act Could Clear This Year, Solana Policy Institute Says—But 4 Demands Remain To Be Met

bitcoinist2026-06-10 tarihinde yayınlandı2026-06-10 tarihinde güncellendi

Özet

Kristin Smith, President of the Solana Policy Institute and CEO of the Blockchain Association, urged the U.S. Senate to pass the CLARITY Act, emphasizing four specific priorities must be met first. The legislation aims to provide legal clarity for public blockchain operations, focusing on protecting open-source developers and infrastructure providers who do not custody assets or control transactions. Smith argued that strong developer protections, including the key Blockchain Regulatory Certainty Act (BRCA), enhance enforcement by clearly distinguishing between different market participants, allowing authorities to target bad actors more effectively. She warned that weakening these protections could undermine the act's goal of giving builders confidence to operate in the U.S. Smith's position is to protect developers, target bad actors, preserve open-source innovation, and maintain U.S. leadership in crypto.

Kristin Smith, President of the Solana Policy Institute and CEO at the Blockchain Association, urged the US Senate to pass the anticipated CLARITY Act on Tuesday, while emphasizing four specific priorities she said must be addressed before the bill receives a full vote.

Protect Developers, Target Bad Actors

Speaking on social media site X (formerly Twitter), Smith framed the legislation as a chance to strengthen legal clarity around how public blockchains operate—particularly for the developers and infrastructure providers who build and maintain the open-source systems.

In a letter published on Tuesday, signed by more than 60 leading CEOs and founders, the industry calls on the Senate to move forward with the CLARITY Act while preserving what Smith described as robust developer protections.

According to Smith, Protecting developers sits at the center of Solana Institute’s mission. She said public blockchains depend on open-source contributors who write, maintain, and improve the code that runs them.

Because these engineers typically publish software that can be downloaded and used by anyone, she argued that they do not directly hold money, do not have the ability to freeze accounts, and do not move funds.

Smith also argued that strong developer protections do not weaken enforcement. Instead, she said that through the potential passage of the CLARITY Act, they could make enforcement more effective by creating clearer lines between different participants in the market.

When the law clearly distinguishes between intermediaries that custody assets or control transactions, bad actors, regulators, and prosecutors can focus their attention on the parties she described as actually responsible for illicit conduct—such as those custodying funds, operating platforms, or facilitating wrongdoing.

CLARITY Act With BRCA Intact

In her message, Smith pointed specifically to the Blockchain Regulatory Certainty Act (BRCA) as a key element of that approach. Smith said the BRCA provides legal certainty for noncontrolling software developers and infrastructure providers who do not custodian assets or control user transactions.

Smith also referenced a separate letter released by the Blockchain Association, saying that last week, 160 former national security, intelligence, and law enforcement professionals made a similar argument: that “clarity is an enforcement advantage.”

In her account, clearer rules help keep legitimate activity onshore and provide prosecutors with better tools to target bad actors, rather than creating uncertainty that discourages compliant development.

In Smith’s view, the core objective is not simply to pass a bill, but to ensure it leads to meaningful certainty for builders. She warned that if developer protections are weakened, the broader CLARITY Act could fall short of one of its most important goals—giving responsible builders confidence to work in the United States.

Smith concluded that the Senate should pass the CLARITY Act with the Blockchain Regulatory Certainty Act intact. She summarized her position as a straightforward set of goals: protect developers, target bad actors, preserve open-source innovation, and maintain US leadership in the crypto sector.

The daily chart shows the total crypto market cap at $2.12 trillion. Source: TOTAL on TradingView.com

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İlgili Sorular

QWhat is the main purpose of the CLARITY Act according to Kristin Smith and the Solana Policy Institute?

AThe main purpose is to strengthen legal clarity around how public blockchains operate, specifically to protect developers and infrastructure providers, while making enforcement against bad actors more effective by clearly distinguishing between different market participants.

QWhat are the four specific priorities or demands that Kristin Smith emphasized must be addressed before the CLARITY Act receives a full vote?

AThe four priorities are: protect developers, target bad actors, preserve open-source innovation, and maintain US leadership in the crypto sector.

QWhy does Kristin Smith argue that strong developer protections do not weaken enforcement?

AShe argues that clearer legal lines between different participants, such as developers who don't custody assets and intermediaries who do, allow regulators and prosecutors to focus their attention on parties actually responsible for illicit conduct, thereby making enforcement more effective.

QWhat specific piece of legislation did Smith point to as a key element for providing legal certainty to developers?

AShe pointed to the Blockchain Regulatory Certainty Act (BRCA) as a key element that provides legal certainty for noncontrolling software developers and infrastructure providers who do not custodian assets or control user transactions.

QWhat warning did Smith give regarding the potential weakening of developer protections in the CLARITY Act?

AShe warned that if developer protections are weakened, the broader CLARITY Act could fail to achieve one of its most important goals: giving responsible builders the confidence to work in the United States.

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Must-Watch Events Next Week|CLARITY Act Could Face Senate Vote; SpaceX, Circle to Report Earnings (8.3-8.9)

**Summary: Key Events and Developments to Watch (August 3-9)** The upcoming week is marked by significant financial disclosures, key legislative deadlines, and notable product updates. **Major Financial Events:** Several companies are scheduled to release their Q2 2026 earnings. American Bitcoin (ABTC) will report on August 3, followed by SpaceX and Hut 8 Mining Corp. on August 4, and Circle on August 5. Notably, a significant portion of SpaceX shares (up to 12% of total shares) will be unlocked on August 6 following their earnings release. **Key Legislative Deadline:** The U.S. Senate faces an August 7 deadline to secure 60 votes for the CLARITY Act, a bipartisan bill aiming to establish a federal regulatory framework for cryptocurrencies. The Senate may hold a full vote on the bill during the week. **Economic Data:** The U.S. July Non-Farm Payrolls report will be released on August 7, providing crucial labor market data. **Technology & Product Updates:** * **Shutdowns:** DeFi portfolio tracker Zapper and wallet app Ctrl Wallet will cease operations on August 3. * **Upgrades:** LayerZero will deprecate its v1 relayers on August 3. XRP Ledger's new version 3.3.0, featuring five new functions, is expected next week. * **AI:** Elon Musk announced that the advanced Grok 4.6 AI model is set for release around August 7. * **Bitcoin:** The BIP-110 forced signaling for a potential Bitcoin network change is scheduled to begin around August 8. **Other Notable Events:** Chinese robotics firm Unitree Tech has set its preliminary price inquiry for its IPO for August 5. South Korean exchange Upbit will delist AQT and AERGO tokens on August 3.

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