Yellow Network chairman Alexis Sirkia says the CLARITY Act is the structural reset US crypto has been waiting for.
Summary
- Sirkia says the bill creates the first navigable framework for the classification, power, and compliance of crypto companies.
- Years of regulatory uncertainty pushed builders to Dubai and Singapore, and the CLARITY Act could reverse that flow if it passes.
- Success, Sirkia says, means that founders are introducing US products without fear of being recycled over the years.
The CLARITY Act is moving faster than at any time in its legislative history. The Senate Banking Committee released a new 309-page draft on May 12, with a markup scheduled for May 14, as the White House pressures Trump to sign the legislation before July 4. For Alexis Sirkia, chairman and founder of the Yellow Network, time has passed.
“A lot of crypto companies have spent years trying to figure out which regulator they answer to and that the rules can suddenly change after launching,” Sirkia said. “That uncertainty affects everything from fundraising to banking relationships to employment.”
Why the builders left and what changes if the bill passes
At Yellow, which is building a decentralized infrastructure for the clearing of digital assets, Sirkia faces daily the conflicts created by regulatory misunderstandings across liquidity, payments, and compliance. His view is that many serious builders are not looking for a free pass to oversee. They want to be predictable.
“Infrastructure companies cannot scale up globally if the rules change every few months or if no one knows how the existing rules apply to distributed systems,” Sirkia said.
He points to the CLEAR Act’s provisions on disclosure standards, AML requirements, and oversight structures as the foundations that allow companies to make long-term decisions about financing and hiring.
If the bill passes, Sirkia expects inventors and engineering talent to stay in the US rather than settle for easier regulatory zones. “Currently, many companies choose places like Dubai or Singapore because the regulatory system is easy to understand,” he said. “If uncertainty continues, the US risks missing out on a major infrastructure change occurring across financial and digital assets.”
The CLARITY Act passed the House 294 to 134 in July 2025 and cleared the Senate Agriculture Committee in January 2026, but has been repeatedly stalled in the Banking Committee over stablecoin yield provisions and unresolved regulatory language regarding government officials’ cryptoholds.
Success bar and world race
Senator Bernie Moreno set a deadline of the end of May, warning that missing the window could stall the legislation for years. Prediction markets currently put the chances of the Act becoming law in 2026 at about 55%.
Sirkia’s definition of success is straightforward. He wants founders to launch products in the US without fear of retroactive enforcement, and banks to treat the crypto infrastructure as a legal partner instead of a collateral liability.
“I would also like to see a healthy relationship between regulators and industry participants in general,” he said. “Crypto will move faster if there is clear dialogue and communication.”
In the global picture, Sirkia sees the Law of CLARITY as a signal as a rulebook. “I see the CLARITY Act as an important signal that the US wants to play an important role in the future of digital currencies,” he said. “That’s important for everything from stablecoins to asset tokens to next-generation trading infrastructure.”
Yellow Network, which has tapped the XRPL EVM Sidechain to enable real-world commodity trading, is among the firms watching the May 14 mark closely. If the CLARITY Act moves forward, Sirkia says the expansion of the corresponding infrastructure for clearing and trading within the US market becomes an immediate priority.
