The CLARITY Act passed the House in July 2025 but stalled in the Senate, leaving the most significant U.S. crypto market-structure reform in legislative limbo. Rebecca Rettig, CLO and COO at Jito Labs, expressed optimism about the bill's prospects.
The CLARITY Act represents the most comprehensive crypto market-structure reform proposed by U.S. lawmakers. After clearing the House in July 2025, the legislation now requires Senate approval to advance.
Rettig's optimism suggests confidence from the crypto industry that the bill could address long-standing regulatory ambiguities around digital assets and market operations. The measure targets classification issues and trading standards that have remained undefined under current U.S. law.
The bill's current status reflects broader uncertainty around crypto regulation. Senate action remains uncertain, with no confirmed timeline for a vote. Industry leaders have increasingly advocated for clarity rather than a patchwork of state-level rules.
Jito Labs, where Rettig serves in dual leadership roles, operates in the Solana ecosystem and has stakes in regulatory outcomes that could affect validator operations and MEV markets. Her remarks on Bloomberg suggest the industry sees legislative progress as possible, despite delays.
The SEC has postponed a plan that would have granted broad exemptions allowing US crypto firms to trade tokenized versions of stocks. The delay affects a significant expansion of crypto assets linked to traditional equities.
Kelp DAO has completed recovery of its restaked Ether token following a five-week effort to address a $293 million exploit attributed to North Korea's Lazarus Group in April.
Morgan Stanley launched a cryptocurrency trading pilot on E*Trade with lower fees than Coinbase, Robinhood, and Charles Schwab. The firm plans a broader rollout in 2026.
Crypto exchange Bullish agreed to acquire UK-based financial services outsourcing firm Equiniti from Siris Capital for $4.2 billion. The deal is expected to close in January 2027.