Clarity Act Faces Slim Chances Amid Senate Delay

The Clarity Act's passage through the U.S. Senate has hit a roadblock due to the month-long recess, which is compressing its legislative timeline and limiting time for passage.

Senate Majority Leader John Thune scheduled a Sept. 15 cloture vote on the Clarity Act, pushing the first key Senate step into a narrow September window.

TD Cowen's Washington Research Group cut the Clarity Act's chances of becoming law in the coming months to 25% due to unresolved policy disputes and missed pre-recess momentum.

The bill aims to create a broad federal framework for crypto regulation and expand the Commodity Futures Trading Commission's authority over digital assets, but faces several unresolved disputes, including Section 404 covering stablecoin rewards.