CLARITY Act faces trafficking backlash as Senate vote nears

Earlier this month, gaming organizations pushed senators to include language preventing prediction market platforms from offering sports betting products. The latest intervention from AEHT adds another layer of scrutiny to a bill already facing debate over ethics provisions and the treatment of decentralized finance participants.

Those discussions come as the Senate works within a limited timeframe before its August recess. The U.S. House has scheduled a hearing on the CLARITY Act for July 17. The Senate has yet to set a date for a floor vote.

Recent comments from Senator Cynthia Lummis suggested lawmakers have made significant progress on negotiations. Previous estimates indicated roughly 80% to 85% of the legislation had been finalized. Unresolved issues tied to ethics rules and the BRCA provision continue to complicate the path forward.

As opposition groups raise concerns, crypto industry organizations are stepping up efforts to secure support for the legislation.

In a June 23 X post, the Digital Chamber said it recently met with lawmakers to discuss the CLARITY Act and advocate for what it described as a clearer framework for digital asset markets. The organization confirmed its outreach included discussions with Senator Lummis, one of the leading congressional supporters of crypto legislation.

Market participants appear increasingly uncertain about the bill’s chances of becoming law this year. Data from Polymarket assigns a 42% probability that President Donald Trump will sign the CLARITY Act before the end of 2026.

With both supporters and critics intensifying their campaigns, Senate lawmakers now face mounting pressure to resolve outstanding disputes before deciding whether the crypto market structure bill can advance to a final vote.