The crypto Clarity Act returns to the Senate this week. The banks are already trying to kill it.

May 13, 2026 Tina Nguyen

Photo collage of Congress.

Hello and welcome to Regulator, the newsletter for Verge subscribers that goes into tech shenanigans that take place in the backrooms of Washington. Really, it sometimes does feel like the online series The Backrooms: a parallel universe with no internal logic, evil corporations lurking in the background, and mind-rending eldritch horrors around every corner. (Not a subscriber yet? Sign up here today. Have any tips about mind-rending eldritch horrors lurking in DC? Send that intel to me at tina.nguyen+tips@theverge.com.)

Speaking of liminal spaces and endless hallways that drive their inhabitants insane: Today, we're going to Capitol Hill …

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