Tag: CLARITY Act
Congress Holds Its Most Consequential Capital Markets Hearing in a Generation: SIFMA, Blockchain Association, Nasdaq, and DTCC Testify on Tokenization Today as the CLARITY Act Markup Window Narrows and America's $16 Trillion Securities Infrastructure Faces Its Blockchain Reckoning
March 25, 2026: The United States House Financial Services Committee is convening its most consequential tokenization hearing in congressional history this morning — "Tokenization and the Future of Securities: Modernizing Our Capital Markets" — at 10:00 AM ET in Room 2128 of the Rayburn House Office Building. Witnesses testifying before the full committee include Kenneth Bentsen Jr., President and CEO of SIFMA, the Securities Industry and Financial Markets Association representing America's broker-dealers, investment banks, and asset managers; Summer Mersinger, CEO of the Blockchain Association, who has been central to both the CLARITY Act negotiations and the SEC-CFTC digital asset taxonomy process; and executives from Nasdaq and the DTCC. The Modernizing Markets Through Tokenization Act of 2026 has been formally noticed for the session. The hearing arrives four days after the SEC approved Nasdaq's proposal to allow tokenized securities to trade alongside traditional shares on the same order book, and fewer than four weeks before the Senate Banking Committee's expected April markup of the CLARITY Act — with Senator Bernie Moreno warning that failure to reach the Senate floor by May could freeze digital asset legislation for years.
EY-Parthenon and Coinbase's 2026 Institutional Survey Confirms the Structural Shift: 73% of Global Institutions Are Increasing Crypto Allocations, 86% Are Adopting Stablecoins, and Asset Manager Tokenization Interest Has Surged 60% Year-on-Year — Volatility Sharpens Discipline Rather Than Dampening Conviction
The 2026 EY-Parthenon and Coinbase survey (351 institutional investors, January 2026): 73% plan to increase crypto allocations in 2026; 74% expect prices to rise in 12 months. 86% use or explore stablecoins — 85% cite payments/treasury as primary use cases. USDC overtook USDT as most-used stablecoin. 83% say GENIUS Act will increase financial institution stablecoin engagement; 69% expect broader stablecoin transaction adoption. Asset manager tokenization interest: 40% (2025) to 64% (2026). 63% interested in tokenized assets. 78% cite market structure as top regulatory clarity need. 81% favor regulated spot vehicles. 66% prioritize compliance/security in custody. 61% use multi-custodian strategies.
Wall Street Declares War on the OCC: JPMorgan, Goldman Sachs and Citigroup Weigh Lawsuit as Crypto Firms Gain Federal Bank Charters — 11 Approvals in 83 Days
The Bank Policy Institute — representing 40 US mega-banks including JPMorgan Chase, Goldman Sachs, and Citigroup — is preparing to sue the Office of the Comptroller of the Currency over its decision to grant national trust bank charters to Ripple, Circle, BitGo, Fidelity Digital Assets, Paxos and six other crypto and fintech firms. Eleven companies received conditional approvals or filed applications in just 83 days. The legal challenge centres on OCC Interpretive Letter 1176. A new OCC rule effective April 1, 2026 is forcing BPI's hand on timing. On March 5, the American Bankers Association separately rejected the White House's CLARITY Act compromise. The biggest legal confrontation in the history of US crypto banking access is now formally in motion.
WLFI's $5M Super Node Program Sends $3.75M Per Investment to the Trump Family — As the White House Simultaneously Wages Open War on Banks Over the CLARITY Act's Stablecoin Yield Provisions
World Liberty Financial — the crypto venture co-founded by President Donald Trump, Eric Trump, Donald Trump Jr., and Barron Trump — launched its $5 million Super Node program on March 14, 2026, requiring investors to stake 50 million WLFI tokens for 180 days in exchange for priority executive access, governance voting rights, and a 2% WLFI token yield. Under WLFI's 75% token-sale distribution to Trump family entities, each $5 million Super Node investment sends approximately $3.75 million directly to the Trump family. WLFI has generated at least $1.2 billion in cash and $2.25 billion in paper gains for the Trump and Witkoff families since November 2024, per Wall Street Journal analysis. WLFI applied for a US banking charter through OCC in March 2026. Concurrently, the White House is openly accusing the banking lobby of "hijacking" the CLARITY Act over stablecoin yield — a bill that, if passed, would materially benefit WLFI's own planned stablecoin products.
Project Crypto Goes Live: SEC and CFTC Formally Launch America's Most Ambitious Crypto Regulatory Initiative — DeFi Safe Harbors and Perpetual Contracts Coming Within Weeks
On January 29, 2026, the SEC and CFTC jointly launched Project Crypto — a formal cross-agency harmonization initiative that pursues DeFi safe harbors for software developers, innovation exemptions for non-custodial protocol builders, and the first-ever onshoring of perpetual futures contracts to US regulated markets. CFTC Chair Selig confirmed to Bloomberg on March 2 that the regulatory path for US crypto perpetuals will clear in weeks. SEC Chairman Paul Atkins is executing a definitive shift from enforcement to structured innovation guidance. The most consequential joint regulatory action in American crypto history is formally in motion — and the DeFi and derivatives industries will never be the same.