US House Republicans are advocating for the CLARITY Act to counteract what they describe as systematic 'de-banking' of crypto firms by federal regulators. The House Financial Services Committee and Oversight Subcommittee have criticized agencies like the SEC and FDIC for using ambiguous regulations to discourage banks from engaging with crypto businesses. The CLARITY Act, passed in July 2025, seeks to establish clear regulatory guidelines to prevent such actions. The bill is currently under review by the Senate Agriculture and Banking Committees, with a draft expected by early 2026. The report also notes international regulatory developments, including the UK's expansion of its CARF and Turkmenistan's legalization of crypto under strict conditions.