US lawmakers close to compromise on cryptos

This is crypto news that does not only concern US investors. Republican Senator Bill Hagerty, a member of the Senate Banking Committee, has just announced that he hopes to advance the main bill on cryptocurrencies in the banking committee next week.

What is the content of the crypto bill that divides the US Senate?

The text in question is the CLARITY Act. Validated by the House of Representatives in June 2025, it constitutes the first comprehensive regulatory framework for digital assets in the United States. Its main challenge: moving the supervision of the majority of cryptocurrencies from the SEC (Securities and Exchange Commission) to the CFTC (Commodity Futures Trading Commission).

Concretely, this means that most crypto assets would no longer be treated as financial securities but as raw materials. A distinction which therefore determines the rules of the game for each exchange, each DeFi and each stablecoin operating on American soil.

Hagerty spoke Monday, April 6, at the Digital Assets and Emerging Tech Policy Summit at Vanderbilt University. Her message is direct:

On the side of the Banking Committee, 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 begins next Monday.

It even aims at exit from the banking committee this monthbefore the midterm elections in November 2026.

According to him, three obstacles are still blocking the text which will regulate the crypto market:

• tokenized equities;
• ethical issues;
• the performance of stablecoins.

Hagerty acknowledges that there is still a tremendous amount of work to be done. He nevertheless assures that none of the problems raised are insurmountable. Especially since the Senate agricultural committee has already put forward its own version of the text in January 2026.

Why does crypto regulation in the United States impact European investors?

There American crypto regulations is not just an internal matter. When Washington decides, world markets move. And the political stakes surrounding this vote make it even more significant.

Backed by the crypto industry, the Fairshake PAC has $193 million to influence the November 2026 midterms (after having already spent more than $130 million in the 2024 elections). Another organization, the Fellowship PAC, says it has raised more than $100 million from undisclosed supporters linked to the crypto industry. Its president? Jesse Spiro, Tether Executive, appointed April 6, 2026.

The Stand With Crypto group puts it bluntly: the vote on this text determines the electoral chances of legislators in the midterms. Paul Grewal, Coinbase's legal director, confirms that negotiations are progressing and that the US Senate is approaching a key agreement.

For European crypto investors, this American regulatory framework will have direct consequences. If the CFTC becomes the primary regulator of digital assets in the United States, large crypto exchanges will need to rethink their compliance structures. Also, institutional confidence (already weakened by months of uncertainty) could rebound strongly.

In any case, the crypto file in the American Congress is entering its decisive phase. If April 2026 holds as a timeline, it would be the industry's first major regulatory victory in years. Crypto news to follow very closely on both sides of the Atlantic!