Thune Expects Initial Vote on CLARITY Act Ahead of Recess
Senate Majority Leader John Thune still expects the CLARITY Act to receive an initial vote before lawmakers leave Washington, but his latest remarks stop short of promising a full Senate passage. The bill aims to create a federal framework for digital-asset markets and clarify how authority is divided between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Thune acknowledged that the chamber may not have time to begin full consideration of the bill, which has been passed by the House in July 2025 with 294-134 votes. The Senate Banking Committee advanced its version of the legislation by a bipartisan 15-9 vote on May 14, 2026.
The treatment of crypto-related conflicts involving elected officials remains one of the largest unresolved issues, with seven Democratic senators involved in the talks raising concerns about ethics rules for elected officials, consumer protection, illicit finance, conflicts of interest, and market integrity.