The Clarity Act, advancing through Congress, would for the first time codify anti-money-laundering obligations specifically for digital asset firms, replacing the current patchwork of guidance and enforcement actions. Proponents argue this gives banks and institutional counterparties a defined compliance baseline to underwrite against, reducing the ambiguity that has caused many traditional institutions to avoid crypto-adjacent counterparties entirely.
For Armada's crypto repo desk, this is directly relevant to counterparty onboarding. Codified AML standards would give Armada clearer grounds to assess crypto-native clients such as market makers and miners, and may ease correspondent banking relationships needed for fiat settlement rails alongside Fireblocks custody.