Dan Gambardello: Crypto Bull Market No Depend on the CLARITY Act

Crypto market commentator Dan Gambardello don reject the idea say the CLARITY Act must pass before the crypto bull market fit continue to expand.

Im August 7 post land as the US Senate dey consider the next procedural step for H.R. 3633, bill wey fit affect ADA trading venues, Cardano DeFi protocols and noncustodial infrastructure wey dey operate for the United States.

Gambardello Separate Regulation From the Crypto Cycle

Gambardello, founder of Crypto Capital Venture and longtime commentator on Cardano and the wider crypto market, don support the CLARITY Act for more than a year.

Im August 7 post separate the industry need for regulatory clarity from the forces wey dey drive the broader crypto market cycle.

Dan Gambardello dey distinguish the regulatory importance of the CLARITY Act from the continuation of the crypto bull market. Source: X/@dangambardello

The post no include any price target, market timeline or Cardano forecast. Gambardello position just argue say crypto market expansion fit continue even as the legislative process never finish.

This distinction follow some of im recent posts about Senate negotiations, potential procedural votes and political pressure around the legislation.

CLARITY Act Dey Wait Senate Floor Action

The US House of Representatives pass the Digital Asset Market Clarity Act for July 2025 with vote of 294 to 134.

The Senate Banking Committee advance one amended version on May 14, 2026, with 15 members voting in favor and nine against. The legislation still need full Senate action.

Senate Banking Committee Chairman Tim Scott call for Senate action before lawmakers comot Washington. But the published August 7 floor schedule no list H.R. 3633, while the official Senate calendar show say August 10 reach September 11 na State Work Period.

The bill go establish federal framework wey go divide responsibilities across digital asset markets. The SEC go still retain authority over securities and related investment contracts, while the CFTC go get broader role for digital commodity markets. Exchanges, brokers and dealers wey the legislation cover go face new registration, disclosure and operational requirements.

Because the Senate Banking Committee amend the version wey House don previously approve, both chambers must finally approve the same language before dem fit send the legislation go the president.

DeFi Rules Fit Affect Cardano Builders

The Senate committee text dey distinguish decentralized finance trading protocols from systems wey person or coordinated group still get material control.

Protocol fit fall inside nondecentralized category if person fit materially alter im functionality or operating rules, restrict access or censor user activity. Routine transaction validation, node operation, oracle services and participation for defined security responses no automatically mean say control dey.

For Cardano DeFi teams, the proposed framework go put legal weight on how smart contracts, upgrades, governance permissions and user assets dey controlled for practice. To describe protocol as decentralized no go alone determine im regulatory treatment.

The legislation still include the Blockchain Regulatory Certainty Act. Under that section, noncontrolling developers and infrastructure providers no go dey treated as money transmitters just because dem publish software, support self-custody or maintain distributed ledger infrastructure.

The protection apply when developer or provider no get both the legal right and unilateral ability to control or execute transactions wey involve user assets. The text still preserve liability for conduct outside those protected activities, including knowingly transferring funds wey come from or wey intend to support unlawful activity.

Registered digital asset intermediaries wey dey use DeFi protocols go also need risk management systems wey cover money laundering, sanctions, fraud, market manipulation and cybersecurity. The proposed framework permit the use of distributed ledger analytics and require procedures to decide whether some transactions suppose execute, reject or suspend.

The bill no call or automatically classify ADA by name. Any direct effect on Cardano go depend on the final statutory language and the rules wey US regulators go issue later. Until those steps happen, the proposed protections for noncontrolling developers and the new compliance requirements for intermediaries no get legal effect, while Gambardello market argument still independent from the congressional timeline.