Solana Policy Institute Says US Senate May Take Up CLARITY Act in Earnest Late Next Month

The Solana Policy Institute, a think tank focused on the Solana blockchain, said deliberations on the Digital Asset Market Clarity Act, or CLARITY Act, could gather momentum next month.

Miller Whitehouse-Levine, the institute’s chief executive officer, made the comments on June 22 at a seminar at the National Assembly Members’ Office Building in Seoul’s Yeouido district titled “Global Trends in Digital Asset Regulation and South Korea’s Legislative Direction.” The Senate could begin seriously reviewing the CLARITY Act around late next month, he said.

Whitehouse-Levine delivered a presentation on the current state of US digital-asset regulation. Most major bills need 60 votes to clear the Senate, leaving the timeline uncertain and potentially extending debate into next year.

He also outlined US legislative developments on digital assets, including the CLARITY Act. For the past several years, the US has regulated digital assets largely through litigation and enforcement actions after the fact. The bill is designed to replace that uncertainty with clear, codified rules.

A central feature of the CLARITY Act is its framework for distinguishing securities from commodities. Whitehouse-Levine said the bill assesses the degree of decentralization by examining control. If a blockchain network has an entity that controls the protocol, the legislation would treat the digital asset as closer to a security.

If a blockchain network is genuinely decentralized, the digital asset would instead be treated as a commodity. The bill uses a multi-factor test to determine whether a specific individual or group can direct or modify the blockchain network.

Whitehouse-Levine also referred to the GENIUS Act, the US stablecoin law enacted last year. He described it as the first federal regulatory framework for dollar-based stablecoins in the US. Congress established the basic framework, and regulators are now drafting detailed rules.

The US is building digital-asset regulation on two tracks through the GENIUS Act and the CLARITY Act, he added. Both share a shift away from case-by-case enforcement and toward a system centered on clear rules.