NOBLE Backs the Bill: First Cop Group Endorses CLARITY Act as Senate's July 4 Text Drop Looms 🚨
The National Organization of Black Law Enforcement Executives (NOBLE) has become the first major law enforcement organization to publicly endorse the Digital Asset Market Clarity (CLARITY) Act, sending a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer backing the legislation that includes the Blockchain Regulatory Certainty Act (BRCA). NOBLE stated the bill "provide[s] law enforcement with meaningful new capabilities while preserving longstanding criminal enforcement authorities," highlighting enhanced tools against money laundering, digital asset kiosk crime, and unlicensed money transmitting businesses. The endorsement lands as Senate negotiators race to release final legislative text this weekend, with lawmakers returning from recess on July 13 and roughly four weeks of floor time remaining before the August state work period.
The endorsement directly counters opposition from other law enforcement groups. The National Sheriffs Association sent a May letter to Senate Banking Committee leaders stating: "No good reason supports giving mixers, tumblers, and DeFi a blanket exemption. While some software developers are not engaged in money transmitting or other activity that should subject them to BSA regulation, plenty of others are." Section 604 of the CLARITY Act, drawn from the BRCA, would prevent software developers who do not exercise ultimate control over their tools from being classified as money transmitters under Bank Secrecy Act rules. The White House invited law enforcement groups opposing the provision to a Monday meeting led by White House crypto adviser Patrick Witt to resolve objections, after the National Sheriffs Association skipped a prior two-day session in June.
Senate Republican leaders are pushing for a July floor vote. Senate Banking Committee Chairman Tim Scott posted on X on June 29, 2026: "The urgency is real. The political math is harder. I agree with @LeaderJohnThune: The Senate should vote on crypto market structure legislation in July." Senator Cynthia Lummis, a bill proponent, said in a Fox Business interview last week: "We've been negotiating on the CLARITY Act hardcore since last Labor Day, and it's been an arduous process. We're still working a little bit on DeFi, we're working [on] illicit finance, we're working a little bit on ethics […] We're finally to the point where we're going to put out the text over the July 4th, and give people one last really thorough look at the bill, and then we're moving in July." SEC Commissioner Hester Peirce said on the Searching for Mana podcast: "I'm still optimistic it will get done this summer. I expect that we'll see it pass soon."
The procedural math remains tight. The CLARITY Act passed the House 294–134 on July 17, 2025, and cleared the Senate Banking Committee 15–9 on May 14, 2026. The Senate Banking Committee text and a parallel Agriculture Committee bill focused on commodities and derivatives must be merged before a floor vote, and the merged text needs 60 votes to clear cloture. Senate passage would require at least seven Democrats; Democrats Ruben Gallego of Arizona and Angela Alsobrooks of Maryland joined all 13 Republicans in committee. The bill's ethics provisions have drawn Democratic concerns citing President Donald Trump's ties to the crypto industry through his memecoin and his sons' involvement in World Liberty Financial and a Bitcoin mining company. On Wednesday, Trump cancelled the signing ceremony for the 21st Century ROAD to Housing Act, which contained a ban on a central bank digital currency (CBDC), saying he would not sign other bills until Congress passed the SAVE America Act. Senator Elizabeth Warren argued on June 28, 2026: "Our adversaries exploit crypto to move billions. The Clarity Act, as it's currently written, would make this problem worse. Congress should be strengthening illicit finance standards, not creating new loopholes." Lummis countered, pointing to Section 201 applying Bank Secrecy Act and anti-money laundering rules to crypto, Section 303 adding new sanctions against Iran, and Section 305 letting exchanges freeze illicit funds, stating: "If you don't like crypto, then say it, but stop these baseless attacks."
Prediction markets have moved on the shifting timeline. On Polymarket, odds of the CLARITY Act becoming law in 2026 fell to 39%, down from 64% in early June, while Galaxy Research put the odds at 50%, down from 60% on June 5, citing the shrinking Senate calendar. Bloomberg reported CLARITY Act passage odds for July now sit at 60%. More than 100 crypto firms and trade associations have signed a public letter pressing Senate leadership to move the bill forward, and Treasury Secretary Scott Bessent has framed passage as critical to maintaining U.S. financial leadership and the dollar's reserve status. The Senate Agriculture Committee passed its version of the bill in January, and Lummis said negotiators plan to put out the final text over the July 4th holiday for a last thorough review before a potential July floor vote.
Share Article
Quick Info
Disclaimer: This content is for information and entertainment purposes only. It does not constitute financial, investment, legal, or tax advice. Always do your own research and consult with qualified professionals before making any financial decisions.
See our Terms of Service, Privacy Policy, and Editorial Policy.