Senate Faces Deadline for CLARITY Act Vote Amid Opposition
The clock is ticking for US Congress to pass the Digital Asset Market Clarity (CLARITY) Act, which aims to provide clarity on market structure and regulations for cryptocurrencies. Senator Cynthia Lummis, a strong proponent of the bill, expects the Senate to vote on it before August recess. 'It's just time to get people on the record,' she said.
The CLARITY Act has been stuck in limbo since its passage in the House of Representatives in July 2025 with a 294-to-134 vote. It still faces opposition from many Democrats who are looking for stronger ethics provisions affecting US President Donald Trump's investments. The president has been under scrutiny after disclosing he earned more than $1.4 billion from investments tied to digital assets in 2025.
The bill needs 60 votes in the Senate to pass, but as of Wednesday, no vote was scheduled. However, Senate Majority Leader John Thune is reportedly planning to schedule a vote before Saturday. Senator Josh Hawley has also expressed concerns about the bill, saying he will withhold his vote until it addresses banking industry concerns.
The August recess is just days away, and after that, Congress won't reconvene until mid-September. This means that consideration of the crypto bill will be pushed into the lead-up to the 2026 midterm elections.