Close Menu
Chain Tech Daily

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Andrew Tate went 25X long on Hyperliquid, got liquidated

    July 17, 2026

    eth2 quick update no. 5

    July 17, 2026

    Galaxy Digital plants its name on Texas Tech football stadium

    July 17, 2026
    Facebook X (Twitter) Instagram
    Chain Tech Daily
    • Altcoins
      • Litecoin
      • Coinbase
      • Crypto
      • Blockchain
    • Bitcoin
    • Ethereum
    • Lithosphere News Releases
    Facebook X (Twitter) Instagram YouTube
    Chain Tech Daily
    Home » Tom Emmer dismisses 2 key Clarity Act concerns
    Crypto

    Tom Emmer dismisses 2 key Clarity Act concerns

    James WilsonBy James WilsonMay 23, 20262 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Clarity Act concerns from law enforcement are overblown, House Majority Whip Tom Emmer said.

    Summary

    • Emmer called law enforcement objections to crypto developer protections a “red herring” aimed at slowing the bill.
    • He defended shielding noncustodial developers from money transmitter rules under the Blockchain Regulatory Certainty Act.
    • The Senate Banking Committee advanced the Clarity Act 15-9, with bipartisan support beyond Republicans.

    House Majority Whip Tom Emmer said law enforcement groups are overstating their concerns about crypto developer protections embedded in the legislation. He called the objections a “red herring” designed to slow the broader bill’s progress through Congress.

    Emmer forcefully defended the Blockchain Regulatory Certainty Act, which would shield noncustodial software developers from being treated as money transmitters. He argued the U.S. needs clearer rules to keep innovators onshore rather than driving them to other jurisdictions.

    Tom Emmer frames Clarity Act as bipartisan priority

    Emmer pointed to the Senate Banking Committee’s 15-9 vote advancing the bill as evidence that support extends beyond Republicans. He described the Clarity Act as the fifth or sixth iteration of crypto market structure legislation the House has refined over multiple sessions of Congress.

    “The president never asked me to predetermine, commit, fix, decide on any interest rate decision,” Emmer noted that the legislation would create clear distinctions between digital assets regulated as securities, commodities, or cash equivalents. He predicted Congress would ultimately send the package to President Trump’s desk.

    The Blockchain Regulatory Certainty Act provision has drawn particular scrutiny. It codifies that developers who write code but do not control user funds should not face money transmitter obligations, a principle crypto advocates consider essential to keeping open-source development in the United States.

    Emmer also criticized former SEC Chair Gary Gensler’s enforcement-first approach under the Biden administration. He argued that companies want to build in the U.S. but need to understand “the rules of the road” before committing resources.

    What comes next for the Clarity Act

    As crypto.news tracked, the bill still faces several hurdles before reaching a floor vote. Outstanding issues include stablecoin yield provisions, DeFi oversight language, and ethics rules for lawmakers trading tokens.

    Galaxy Digital estimated the bill’s 2026 passage odds at roughly 50-50. Polymarket traders currently price it at approximately 46%, down sharply from 82% earlier in the year. Industry advocates have described mid-summer as the effective deadline before midterm politics make passage significantly harder.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    James Wilson

    Related Posts

    Crypto July 17, 2026

    Galaxy Digital plants its name on Texas Tech football stadium

    Crypto July 17, 2026

    Augur returns with decentralized layer for disputed prediction markets

    Crypto July 17, 2026

    Trump fails to break CLARITY Act deadlock as new text slips again

    Crypto July 17, 2026

    Dogecoin price tests critical support as Wall Street ETF demand vanishes

    Crypto July 17, 2026

    Bitcoin price buckles below $63K as Trump widens the Iran conflict

    Crypto July 17, 2026

    Why is Pi Network price going up today?

    Leave A Reply Cancel Reply

    Don't Miss
    Coinbase July 17, 2026

    Andrew Tate went 25X long on Hyperliquid, got liquidated

    Andrew Tate put a massively leveraged trade on HyperLiquid, lost it all, and then tried…

    eth2 quick update no. 5

    July 17, 2026

    Galaxy Digital plants its name on Texas Tech football stadium

    July 17, 2026

    OP_RETURN dissident plans to sell his bitcoin in protest

    July 17, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • YouTube
    • LinkedIn
    Our Picks

    Andrew Tate went 25X long on Hyperliquid, got liquidated

    July 17, 2026

    eth2 quick update no. 5

    July 17, 2026

    Galaxy Digital plants its name on Texas Tech football stadium

    July 17, 2026

    OP_RETURN dissident plans to sell his bitcoin in protest

    July 17, 2026

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Don't Miss
    Coinbase July 17, 2026

    Andrew Tate went 25X long on Hyperliquid, got liquidated

    Andrew Tate put a massively leveraged trade on HyperLiquid, lost it all, and then tried…

    eth2 quick update no. 5

    July 17, 2026

    Galaxy Digital plants its name on Texas Tech football stadium

    July 17, 2026

    OP_RETURN dissident plans to sell his bitcoin in protest

    July 17, 2026

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    About Us
    About Us

    ChainTechDaily.xyz delivers the latest updates and trends in the world of cryptocurrency. Stay informed with daily news, insights, and analysis tailored for crypto enthusiasts.

    Our Picks
    Lithosphere News Releases
    X (Twitter) Instagram YouTube LinkedIn
    © 2026 Copyright

    Type above and press Enter to search. Press Esc to cancel.