The CLARITY Act bill that wasn’t passed before this August recess, the U.S. is making clear that crypto capital flow is being routed to other countries instead.

This is a very sharp warning recently issued by Adrian Wall of TRON DAO.
It hits exactly what has been giving many people headaches for a long time: clearly separating what counts as digital goods and what counts as securities so they can be handled by the correct regulators. Tokens that were initially treated as securities can still survive later—if they reach a sufficiently high level of decentralization, there remains a path to reclassify as digital goods.
Actually, the file has already reached the final stage.
The U.S. House passed it last year with a vote of 294 - 134. In May, the Senate Banking Committee approved it again by 15 - 9; now it only needs to wait for the Senate to press the decisive button to finalize.
Even Trump spoke up to urge the Senate to move quickly so the U.S. doesn’t lose its standing.
The only sticking point right now is that the Democratic Party is still stalling, because they believe the draft is still too thin to protect retail users from scams and manipulation.
Investors at this point are most worried about the chronic “pending-file” illness of the U.S. Congress. Until now, there have been many times when things were going well—once they hit a holiday break, everything freezes again.
There’s only a little time left from here until the August recess. If the Senate doesn’t wrap up this round, both the growth momentum and market confidence in U.S. crypto in the second half of 2026 could easily break mid-journey, folks.