Clarity Act Clears Senate Banking, But Ethics Fight Looms

Jito Labs' Rebecca Rettig and Paul Hastings' Renato Mariotti return to The Policy Protocol after Consensus Miami to break down the Clarity Act's historic bipartisan passage out of the Senate Banking Committee. They're joined by Lindsay Fraser, Chief Policy Officer at the Blockchain Association, on what's at stake in Section 301, why ethics is still the #1 unresolved issue, and whether the July 4th signing deadline is real. Plus, they discuss the stablecoin yield compromise and unveil this week's Person of the Week. - Timecodes: 00:00 - Welcome Back to The Policy Protocol After Consensus 2026 01:13 - The CLARITY Act Clears Senate Banking — Stick or Carrot? 02:15 - Section 301 and the Last-Minute Developer Protection Cut 05:04 - Inside the Markup: Five Bipartisan Amendments 06:57 - Two Democrats Cross Over and the Path to the Floor 08:25 - Ethics Is Still the #1 Outstanding Issue 10:42 - The Gillibrand and IRS DeFi Broker CRA Precedent 12:24 - Stitching the Senate Banking and Ag Bills 13:58 - Is the July 4th Signing Deadline Real? 15:34 - Stablecoin Yield: "A Distinction That Works for Lawyers" 16:14 - Person of the Week: Senator John Thune - #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj