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<p><a href="https://bsc.news/news/kevin-oleary-clarity-act-institutional-crypto?utm_source=coinmarketcap&amp;utm_medium=feed" rel="noopener noreferrer nofollow">Read this article on bsc.news</a></p>
<p>Investor Kevin O'Leary (<a href="https://x.com/kevinolearytv" rel="noopener noreferrer nofollow">@kevinolearytv</a>) says institutional adoption of stablecoins and blockchain has stalled in the United States, and he argues that passage of the CLARITY Act is needed to restart it.</p>
<p>Speaking on a FINTECH(.)TV segment, O'Leary blamed the lack of regulatory clarity. He said companies are waiting for clear rules before they expand their crypto operations.</p>
<h2 id="o-leary-genius-act-was-only-a-start">O'Leary: GENIUS Act Was Only a Start</h2>
<p>O'Leary said his own businesses already use <a href="https://x.com/search?q=%24USDC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$USDC</a> for treasury management and cross-border settlement. He said many other firms are holding back because their compliance teams do not yet know the rules.</p>
<p>In his words on X: "The GENIUS Act was a start. We need the CLARITY Act to unlock the rest."</p>
<p>The GENIUS Act is the US stablecoin law. It introduced the first comprehensive federal framework for stablecoins, requiring full 1:1 backing, reserve audits and anti-money-laundering compliance. The CLARITY Act is aimed at the wider crypto market. <cite>It distinguishes between the jurisdictions of the Commodity Futures Trading Commission and the Securities and Exchange Commission, two regulators that have split crypto enforcement in sometimes confusing ways.</cite></p>
<h2 id="where-the-clarity-act-stands">Where the CLARITY Act Stands</h2>
<p>The bill's path has been difficult. <cite>It passed the House on July 17, 2025, by a vote of 294 to 134.</cite><cite>The Senate Banking Committee advanced it 15 to 9 on May 14, 2026.</cite></p>
<p>It then stalled on the Senate floor. <cite>A procedural motion received 49 votes in favor and 50 against, short of the 60 votes needed to advance the legislation to debate.</cite><cite>DLA Piper said the outcome nearly eliminated the possibility that a digital asset market structure bill will be enacted this year.</cite></p>
<p>The vote was procedural, so <cite>the Senate never debated or amended the bill.</cite> The bill is not formally dead, but its timing is uncertain. <cite>DLA Piper said that, given other legislative priorities and the time left in the 119th Congress, the bill may not move again until the new Congress convenes in January.</cite><cite>The law firm added that stakeholders may use the period before the 120th Congress to plan their 2027 government affairs strategies.</cite></p>
<p>For institutions, the practical question is timing. Until Congress settles which regulator oversees which crypto assets, O'Leary's argument is that compliance-led firms will keep their exposure limited to products such as stablecoins, where federal rules already exist.</p>
<h2 id="sources">Sources</h2>
<p><a href="https://www.dlapiper.com/en/insights/publications/2026/09/senate-fails-to-advance-the-clarity-act" rel="noopener noreferrer nofollow">DLA Piper: Senate fails to advance the CLARITY Act</a><br><a href="https://cointelegraph.com/news/us-senate-fails-to-advance-clarity-act" rel="noopener noreferrer nofollow">Cointelegraph: US Senate fails to advance CLARITY Act</a><br><a href="https://www.eisneramper.com/insights/cryptocurrency-insights/the-clarity-act-stalls-1026/" rel="noopener noreferrer nofollow">EisnerAmper: The Clarity Act stalled and what it means for digital asset regulation</a></p>
<p><a href="https://bsc.news/latest-news?utm_source=coinmarketcap&amp;utm_medium=feed" rel="noopener noreferrer nofollow">See more news on bsc.news</a></p>

Kevin O'Leary Says CLARITY Act Is Needed to Unlock Institutional Crypto and Stablecoin Adoption

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