NewsCryptoNational Fraternal Order of Police Endorses Clarity Act as Crypto Bill Gains Momentum

National Fraternal Order of Police Endorses Clarity Act as Crypto Bill Gains Momentum

Author: Bitcoin Magazine·

Key Takeaways

  • •The National Fraternal Order of Police endorsed the revised Clarity Act, citing stronger tools for consumer protection and financial crime investigations.
  • •The latest draft includes safeguards for digital asset kiosks and anti-money laundering and sanctions compliance obligations across the crypto sector.
  • •The Crypto Council for Innovation, the Blockchain Association, and the Digital Chamber also announced support for the bill on Friday.
  • •The legislation has faced delays due to banking industry concerns that stablecoin yield products could draw deposits away from banks.
  • •A new provision would bar officials and their immediate family members from issuing or promoting cryptocurrencies.
National Fraternal Order of Police Endorses Clarity Act as Crypto Bill Gains Momentum

The National Fraternal Order of Police (FOP), the world's largest organization of sworn law enforcement officers, has officially endorsed the Clarity Act, adding to a growing coalition of support for the long-debated cryptocurrency market structure bill.

In a statement issued Friday and addressed to Senators Elizabeth Warren (D-MA) and Timothy Eugene Scott (R-SC), the FOP expressed its approval of the latest version of the legislation. The FOP is an organization dedicated to improving the working conditions of law enforcement officers.

JUST IN: The world's largest organization of sworn law enforcement officers now officially endorses the passage of the Clarity Act: pic.twitter.com/N10g5jIZ0M — Bitcoin Magazine (@BitcoinMagazine) July 24, 2026

"The latest version of the 'Clarity Act' includes several provisions that improve the ability of State and local law enforcement to protect consumers, investigate financial crimes, and coordinate with their Federal partners," the FOP letter stated.

"The revised bill establishes safeguards aimed at addressing fraud and victimization involving digital asset kiosks and related activity while also providing for anti-money laundering and sanctions compliance obligations across the digital asset ecosystem," the letter continued.

The endorsement from a major law enforcement organization signals that the bill's anti-money laundering and consumer protection provisions are drawing support beyond the crypto industry itself, potentially strengthening its appeal to lawmakers focused on crime and enforcement issues.

Senator Warren, a prominent critic of cryptocurrency, said on Wednesday that the latest bill would still allow President Donald Trump to profit from crypto ventures and could benefit criminals.

Broader Industry Support

Several leading crypto advocacy groups — the Crypto Council for Innovation, the Blockchain Association, and the Digital Chamber — also announced their support for the latest draft of the Clarity Act on Friday. The trade associations argued that passing the bill is essential to establishing the "first comprehensive federal consumer protection framework for digital asset markets" as more Americans increasingly use and invest in cryptocurrencies.

The Clarity Act, which Republicans passed last year, has remained in legislative deadlock, largely due to concerns raised by banking executives over stablecoin yield provisions. U.S. banks have warned they could lose depositors if crypto exchanges are permitted to offer more competitive products. The dispute reflects a broader tension between traditional financial institutions and digital asset firms competing for consumers and capital.

Coinbase, America's largest cryptocurrency exchange, withdrew its support for the bill in January following disputes with banking leaders who argued that earning yield on stablecoins should be prohibited.

Path to a Floor Vote

A revised version of the bill has been circulating this week and is expected to proceed to a floor vote. The newest draft includes a provision banning officials and their immediate family members from issuing or promoting cryptocurrencies — a measure addressing concerns raised by Democratic politicians who have argued that President Trump's family has unfairly benefited from crypto ventures.

President Trump campaigned on promises to support the cryptocurrency industry, but his family's digital asset ventures have drawn scrutiny from Washington lawmakers who contend the Trump family has improperly profited from these businesses. The conflict-of-interest provision represents one of the most politically sensitive elements of the bill as it moves toward a vote.