8:05 AM ▪
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This is crypto news that is not just for US investors. Republican Sen. Bill Hagerty, a member of the Senate Banking Committee, just announced that he hopes to push major cryptocurrency legislation through the Banking Committee as early as next week.
In short
- Sen. Bill Hagerty (R-Tennessee) seeks the CLARITY Act from the Senate Banking Committee in April 2026
- The goal of the CLARITY Act is to transfer oversight from the SEC to the CFTC for most US cryptocurrencies.
- 3 remaining hurdles: tokenized shares, ethics and stablecoin returns
- PAC Fairshake: $193 million for the 2026 midterms (vs. $130 million in 2024): cryptocurrencies weigh on elections.
- Fellowship PAC: +$100M Raised – Jesse Spiro (Tether) Appointed Chair April 6, 2026
- Paul Grewal (Coinbase CLO): ongoing negotiations on block points
What is the content of the crypto bill dividing the US Senate?
The text in question is the law of CLARITY. Passed by the House of Representatives in June 2025, it represents the first comprehensive regulatory framework for digital assets in the United States. His main challenge: to shift oversight of most cryptocurrencies from the SEC (Securities and Exchange Commission) to the CFTC (Commodity Futures Trading Commission).
Specifically, it means that most crypto assets would no longer be considered securities but as a commodity. A distinction that thus determines the rules of the game for every exchange, every DeFi and every stablecoin operating on American soil.
Hagerty spoke at the Digital Assets and Emerging Tech Policy Summit at Vanderbilt University on Monday, April 6. His message is direct:
On the banking committee side, I think we are very close to an agreement and I expect the text to be presented to the committee during the next working period, which starts next Monday.
He even loves leaving the banking committee already this monthbefore the November 2026 elections.
According to him, three obstacles are still blocking the draft law that will regulate the crypto market:
- tokenized shares;
- ethical issues;
- stablecoin yield.
Hagerty acknowledges there is still a lot of work ahead. Nevertheless, he assures that none of the problems raised are unsolvable. Especially since the Senate Agriculture Committee already presented its own version of the text in January 2026.
Why does US cryptocurrency regulation impact European investors?
Tea US crypto regulation is not just an internal matter. When Washington makes up its mind, global markets move. And the political stakes surrounding this vote make it even more significant.
Backed by the crypto industry, Fairshake PAC has $193 million to influence the November 2026 midterms (after already spending over $130 million in the 2024 election). Another organization, Fellowship PAC, says it has raised over $100 million from undisclosed supporters associated with the crypto industry. Its president? Jesse Spiro, CEO of Tether, appointed on April 6, 2026.
The Stand With Crypto group puts it bluntly: a vote on this text will condition the legislators’ election chances in the midterms. Paul Grewal, chief legal officer of Coinbase, confirms that negotiations are continuing and that the US Senate is close to a key agreement.
For European crypto investors this US regulatory framework will have direct consequences. If the CFTC becomes the primary regulator of digital assets in the United States, major crypto exchanges will need to rethink their compliance structures. Also, institutional confidence (already weakened by months of uncertainty) could see a strong revival.
In any case, the crypto file in the US Congress is entering its decisive phase. If the April 2026 timeline sticks, it would be the first major regulatory win for the industry in years. Crypto news that you can follow very closely on both sides of the Atlantic!
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My name is Ariela and I am 31 years old. I have been working in the field of web development for 7 years. I only discovered trading and cryptocurrencies a few years ago, but it’s a universe I’m very interested in. The topics on the platform allow me to learn more. As a singer in my spare time, I also have a great passion for music and reading (and animals!)
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Before making any investment decision, do your own research.
