Become a member: Subscribe
Solari Report
State Leaders Briefing: The CLEAR Act
Consumer Ledger and Electronic Assets Rights Act
with David Liechty and Carolyn Betts
“We’re just at the beginning of the tokenization of all assets, from real estate, to equities, to bonds—across the board.”
~ Larry Fink
Downloads
State Leaders Briefing: The CLEAR Act
Solari’s monthly online Financial Transaction Freedom briefings are designed to support state legislators, other elected officials, and engaged citizens who are working to preserve American freedoms.
In the briefing on September 10, 2026, attorneys David Liechty and Carolyn Betts introduced and walked through the key provisions of Solari’s latest model legislation, the CLEAR (Consumer Ledger and Electronic Assets Rights) Act. Catherine and Tennessee State Representative Bud Hulsey also joined the panel discussion, emphasizing the importance of states putting protections in place before programmable infrastructure becomes further embedded in the financial system.
Solari’s first go-round with programmable money model legislation, the Consumer Payment Rights and Transparency Act, was designed to put guardrails on the potentially $4 trillion stablecoin market. With growing indications that weaponized distributed ledger technology could take your bank, crypto, and brokerage accounts, the CLEAR Act’s expanded scope aims to put guardrails not just on stablecoins but also stocks, bonds, and bank deposits—a potentially $136 trillion market.
When we conducted a poll among those attending our July 2026 briefing on programmable money scenarios, the take-home message was that, no matter what intentions might be behind the push for programmable money, everyone agrees that legislative guardrails providing consumer and investor protections are essential.
Note: Solari’s Wrap Up report, Programmable Money: The Time for Guardrails Is Now, provides excellent background reading that can help you understand the risks of programmable money and assets. Solari subscribers can access the PDF here. Programmable Money has been mailed to Digital+Print subscribers; Digital-Only subscribers can purchase hard copies at the Solari Shop.
Not a subscriber yet? Visit the Solari Shop to sign up for a subscription and gain access to our quarterly subscriber-only Wrap Ups.
Stay informed: Sign up for regular Financial Transaction Freedom email updates here or for the Solari Weekly Highlights newsletter at the bottom-right of the Solari home page.
Related at Solari
Monthly Briefings (Financial Transaction Freedom website)
Programmable Money: The Time for Guardrails Is Now (PDF – subscriber-only)
Rep. Bud Hulsey on the Programmable Money Bill
Programmable Money: Four Scenarios
Feedback on Programmable Money Scenarios: What Our Poll Results Tell Us
Latest Money & Markets and Ask Catherine
Log in or subscribe to the Solari Report to enjoy full access to exclusive articles and features.
Already a subscriber?
















































































































Thank you for the hard work picking through this unpleasant legal Wild West, especially the observation regarding money secrecy for banking teams, yet no guard rails for their targets, yet.
FYI
In September 2025 I got help from Metro to make a transfer, a big s/c forward payment, because I got a shock in August 2025 when I added a new payee and paid the invoice and it went through.
I was shocked to receive an email a month later saying the professional had NOT been paid.
I loooked at my statement and Metro bank had REVERSED PAYMENT the day AFTER I had made it and had NOT told me – it showed on the account.
I thought, gosh, despite the money in that account Metro just blocked it and did not even tell me – I had no idea that Reverse Payments could happen.
No one was accountable, it was unsettling so I got help in making a forward payment, precisely because of what had happened to a normal transaction the month before.