Traditional Banking Sector Accused of Accelerating Obsolescence Over CLARITY Act Resistance

August 20, 2026

a16z policy head Miles Jennings warns that traditional banks lobbying against the CLARITY Act are self-sabotaging, as blocking stablecoin regulations will fail to stop digital asset yield mechanisms.
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Senate Delays CLARITY Act as Cloture Skip Pushes Crypto Legislation Odds to 2027

August 19, 2026

With Senate leadership skipping a key procedural vote on the CLARITY Act, prediction markets have slashed the odds of U.S. crypto market structure legislation passing this year, pushing expectations to 2027.
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