CLARITY Act wins police backing as odds fall to 30%

A major U.S. police organization has endorsed the latest CLARITY Act draft, but unresolved disputes over political ethics, DeFi protections and stablecoin rewards continue to threaten its passage before the Senate recess. Summary Major Cities Chiefs Association endorsed the CLARITY Act after lawmakers added new enforcement provisions. Polymarket traders place the bill’s chance of becoming law in 2026 at 30%. Democrats and prosecutors continue to seek changes to the bill’s DeFi developer protections. Banks support federal crypto rules but want tighter restrictions on stablecoin rewards and yield. Major Cities Chiefs Association backs CLARITY Act The Major Cities Chiefs Association endorsed the latest version of the CLARITY Act in a letter to Senate Banking Committee Chair Tim Scott and ranking member Elizabeth Warren. MCCA said recent revisions addressed concerns previously raised by police and prosecutors. The organization specifically pointed to additional law-enforcement provisions and the inclusion of state and local agencies in Sections 10203, 10204 and 10309. “The inclusion of these provisions represents a meaningful step toward improving the ability of law enforcement to inve...