{"id":4992,"date":"2026-07-28T21:26:27","date_gmt":"2026-07-28T21:26:27","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=4992"},"modified":"2026-07-28T21:26:27","modified_gmt":"2026-07-28T21:26:27","slug":"blackrock-supports-clarity-act-as-tom-lee-says-bill-could-transform-crypto-into-the-software-layer-of-money","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/07\/28\/blackrock-supports-clarity-act-as-tom-lee-says-bill-could-transform-crypto-into-the-software-layer-of-money\/","title":{"rendered":"BlackRock Supports CLARITY Act as Tom Lee Says Bill Could Transform Crypto Into the Software Layer of Money"},"content":{"rendered":"\n
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Fundstrat co founder and BitMine chairman Tom Lee believes the CLARITY Act could become a major catalyst for the cryptocurrency industry, arguing that clear regulation in the United States would accelerate the sector\u2019s next phase of growth.<\/p>\n\n\n\n

Speaking on CNBC on Monday, Lee said digital assets have already begun recovering because countries outside the US, including Europe, Japan, and Russia, are introducing regulatory frameworks similar to the CLARITY Act. In his view, comparable legislation in the US would significantly strengthen the market.<\/p>\n\n\n\n

According to Lee, crypto is evolving beyond a financial asset class into the software infrastructure for money.<\/p>\n\n\n\n

\u201cBecause crypto is turning money into software, a lot of things can turn into money,\u201d he said.<\/p>\n\n\n\n

He added that once money becomes programmable, assets such as loyalty rewards, reputation systems, and other forms of digital value could function much like currency, particularly as artificial intelligence agents become more widely adopted.<\/p>\n\n\n\n

BlackRock Calls the Bill a Key Milestone<\/strong><\/p>\n\n\n\n

BlackRock has also voiced strong support for the legislation.<\/p>\n\n\n\n

Samara Cohen, the firm\u2019s Senior Managing Director and Global Head of Market Development, described the CLARITY Act as an important step towards creating a regulatory framework that prioritises investor protection while encouraging innovation in digital assets.<\/p>\n\n\n\n

She said the legislation would help the United States lead the next generation of financial market infrastructure by promoting innovation without compromising transparency, resilience, or investor safeguards.<\/p>\n\n\n\n

Progress Continues but Senate Vote Remains Uncertain<\/strong><\/p>\n\n\n\n

The CLARITY Act cleared the House of Representatives in July 2025 with broad bipartisan backing before advancing through the Senate Banking Committee on 14 May 2026.<\/p>\n\n\n\n

Despite that progress, negotiations have recently focused on ethics and conflict of interest provisions that would prevent the president and members of Congress from issuing or sponsoring digital assets. A revised Senate version released on 22 July included those ethics measures.<\/p>\n\n\n\n

Senate Majority Leader John Thune said on 23 July that he does not expect the legislation to reach the Senate floor before lawmakers begin their summer recess, with the ethics provisions remaining the biggest obstacle.<\/p>\n\n\n\n

With no vote currently scheduled, lawmakers have only a narrow window before the Senate\u2019s August recess, expected around 7 August. If the bill misses that deadline, further consideration would likely be delayed until the post election lame duck session or even 2027.<\/p>\n\n\n\n

Policy relations consultant Anne Kelley acknowledged the difficulty of completing the legislative process before the recess but stressed that the bill remains very much alive despite the delay.<\/p>\n\n\n\n

Supporters Urge Congress to Move Forward<\/strong><\/p>\n\n\n\n

Lee acknowledged that lawmakers have already made significant concessions during negotiations but suggested opponents continue to seek additional changes.<\/p>\n\n\n\n

Even so, he remains optimistic that the legislation could still move forward.<\/p>\n\n\n\n

In a separate statement, Lee highlighted several major financial institutions backing the CLARITY Act, including Goldman Sachs, BlackRock, Fidelity, Franklin Templeton, and Charles Schwab.<\/p>\n\n\n\n

He concluded by urging Congress to pass the legislation, arguing that regulatory clarity is essential for the continued growth and adoption of digital assets.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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