US Crypto Regulation Bill Hits Roadblock as Senate Postpones CLARITY Act

The long-awaited US crypto regulation bill, the CLARITY Act, has hit a roadblock. Senate Majority Leader John Thune confirmed that the bill will not secure a floor vote before the August recess, pushing expectations for a definitive vote into September.

The delay is due to intense negotiations over unresolved ethics provisions, specifically regarding federal officials and leaders issuing or sponsoring cryptocurrencies, which Senate Democrats have made a strict condition for their support. This has caused prediction markets like Kalshi to react swiftly, pricing the odds of the CLARITY Act becoming law in 2026 at a record-low 20%.

Despite this pessimism, institutional analysts note that much of it had already been baked into asset prices following earlier warnings from firms like Bernstein. Bitcoin has demonstrated relative resilience, holding a range-bound structure above $64,000, and traders are closely tracking September as the next major pivot window for US digital asset policy.