Clarity Act Momentum and the Repricing of Crypto Equities Amid Reduced Regulatory Uncertainty

In this paper, we discuss:

• Bipartisan progress on the CLARITY Act that resolves SEC and CFTC jurisdictional overlapping to reduce market uncertainty;
• A compromise banning bank-like stablecoin interest while permitting usage-based platform rewards;
• A positive market re-pricing and subsequent rally of crypto equities like Circle, Coinbase, and BitGo;
• Remaining legislative hurdles regarding developer protections, off-ramping restrictions, and a tight timeline before the mid-term recess.

Download PDF: Clarity Act – May 2026