The US Senate could begin serious review of the Digital Asset Market Clarity Act – known as the CLARITY Act – around late next month, according to Miller Whitehouse-Levine, CEO of the Solana Policy Institute. He made the remarks June 22 at a seminar in Seoul’s Yeouido district, where he presented on the state of US digital-asset regulation.
“The Senate may take up the CLARITY Act in earnest around late next month,” Whitehouse-Levine said at the event, hosted at the National Assembly Members’ Office Building. But he cautioned that most major bills need 60 votes to clear the Senate, leaving the timeline uncertain. Debate could stretch into next year.
The bill is designed to replace the current US approach – regulating digital assets largely through litigation and after-the-fact enforcement – with clear, codified rules. Its central feature is a framework for distinguishing securities from commodities. Whitehouse-Levine explained that the bill assesses decentralization by examining control: if an entity can direct or modify the blockchain network, the asset is treated closer to a security. If the network is genuinely decentralized, the asset is treated as a commodity. The legislation uses a multi-factor test to determine whether any individual or group holds that kind of control.
Whitehouse-Levine also referenced the GENIUS Act, the US stablecoin law enacted last year. He described it as the first federal regulatory framework for dollar-based stablecoins. Congress set the basic structure; now regulators are drafting detailed rules. He said the US is building digital-asset regulation on two parallel tracks: the GENIUS Act for stablecoins and the CLARITY Act for broader market structure. Both share a shift away from case-by-case enforcement and toward a system centered on clear rules.
For traders and investors, the key watch item is whether the CLARITY Act garners the 60 votes needed to advance. If it passes, the legislation could provide long-sought legal certainty for assets like SOL, which currently operate in a regulatory gray zone. The Senate calendar and political dynamics will determine whether debate starts in July or slips into 2027.
Solana think tank: US Senate may tackle CLARITY Act in July
The Solana Policy Institute expects serious Senate review of the US Digital Asset Market Clarity Act next month, aiming to establish clear digital asset rules. The bill would clarify whether digital assets are securities or commodities based on decentralization, reducing regulatory uncertainty.