Crypto▼ Bearish
CLARITY Act faces September deadline after Senate delay
The CLARITY Act's Senate floor vote slips to September after missing August. Passage odds hit 14% as Warren opposition and Republican holdouts stall the bill. Industry faces uncertainty until 2027.
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The Senate floor vote for the CLARITY Act has been pushed to September after missing the August window. Majority Leader John Thune told reporters Thursday that a cloture filing could come in the coming days. The final vote likely waits until next month. “We’re getting that queued up first thing when we come back in September,” Thune said.
The chances of passage this year fell to a record low of 14%, according to an earlier AlphaScala report. The bill, the most far-reaching U.S. crypto market structure legislation, cleared the House last July and was amended by the Senate Banking Committee in May 2026. The floor vote has been delayed by fights over stablecoin yield, illicit finance, developer protections, and ethics.
Democratic Senator Elizabeth Warren said she wants crypto legislation. She opposes the current draft. “Crypto legislation that has been written by the crypto industry to protect and advance the crypto industry…that’s just not good crypto legislation,” Warren told reporters. She also pressed the SEC to investigate the Trump memecoin as a potential rug pull and illegal scam. Ethics provisions remain a key sticking point in the bill.