Overview
US federal crypto policy in June 2026 centers on codifying anti-cbdc positions, advancing stablecoin-friendly legislation, and delaying market-structure bills amid political bargaining.
Timeline
- 2026-07-30: jpmorgan cites ~37% prediction-market odds for clarity-act year-end passage; warns tokenization may shift to incumbent infrastructure (2026-07-30-jpmorgan-clarity-act-stalls)
Contradiction
clarity-act passage odds conflict across sources/time: Galaxy Digital historically ~60% for 2026 passage (older wiki note below) vs JPMorgan/CoinDesk ~37% year-end (Jul 30) vs crypto.news ~34% / some Polymarket reads ~27–28%. Prefer dated attribution; odds are fluid.
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2026-07-18: GENIUS Act agencies miss July 18 finals deadline; effective-date backstop Jan 18, 2027 (2026-07-18-genius-act-thirdweb-builders)
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2026-06-24: House passes 21st Century ROAD to Housing Act 358-32 with CBDC ban through 2030; Trump cancels signing ceremony demanding SAVE America Act first (2026-06-24-us-cbdc-ban-housing-bill-2030)
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2026-06-22: Senate passes same bill 85-5
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2025-01: Trump executive order opposing Fed retail CBDC
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CLARITY Act: Galaxy Digital estimates ~60% chance of 2026 passage — market structure bill slipping
Policy Divergence
| Region | Direction |
|---|---|
| US | CBDC moratorium; private stablecoin carve-out |
| EU | mica CASP licensing and EEA passporting |