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The U.S. Senate clears a key obstacle in blockchain regulation, paving the way for the Clarity Act to integrate digital assets into the financial system.
A significant U.S. cryptocurrency bill January 2026 advanced in January 27, 2026, was withdrawn after a proposed credit card fee amendment withdrawn threatened to hold back the legislation. The Clarity Act, which seeks to regulate and incorporate blockchain-based digital asset regulation into the financial system, has now been given a smoother passage through the Senate Agriculture Committee. The legislation aims to provide a clear regulatory framework for digital asset markets.
The amendment that was withdrawn would have compelled payment networks to compete on swipe fees. The amendment was filed by Senator Roger Marshall last week but credit card fee amendment withdrawn over the weekend after it became apparent that other Republicans could block it, holding back the legislation. Industry players are now focusing on the key aims of the Clarity Act.
“This action removes a significant barrier and indicates a bipartisan commitment to moving comprehensive digital asset legislation,” said a Senate aide who was briefed on the negotiations. A second source noted that White House representatives urged the removal of the amendment to keep the legislation on track.
The Clarity Act has been hailed as a congressional and Trump administration endorsement of blockchain technology. The bill has also faced pressure when Coinbase CEO Brian Armstrong pulled support due to restrictions on stablecoin yields. Despite the recent market downturn, with Bitcoin down about 31% from its October high, the bill represents a major step for blockchain-based digital asset regulation in the U.S.
In conclusion, the withdrawal of the swipe fee amendment makes it more likely that the Clarity Act will pass committee review. Further updates are expected as the Senate continues deliberations on integrating digital assets into the U.S. financial system.
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