From GENIUS to CLARITY: Congress Weighs On-Chain Banking for US Depositories

A nonpartisan Congressional Research Service (CRS) report published September 30, 2026, has put the debate over bank-permissible crypto activities back in the spotlight. The analysis details how the Senate version of the CLARITY Act (H.R. 3633) would formally add 11 categories of crypto activities, including digital asset underwriting and dealing, as permissible for all U.S.