The Senate returns Sept. 14 to face a cloture vote on the CLARITY Act. Democrats hold the decisive votes; Kalshi traders price 88% odds of action before Oct. 1.
Alpha Score of 37 reflects weak overall profile with poor momentum, weak value, poor quality, strong sentiment.
The Senate left for August recess without voting on the Digital Asset Market Clarity Act. Senate Majority Leader John Thune filed a motion for cloture, the procedural step that limits debate on the bill, before the break. The Sept. 15 vote is not a final decision; it simply allows the Senate to begin formal consideration. Senators reconvene Sept. 14.
White House officials said they will keep pressing. Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, said Tuesday that administration officials would talk with Democratic lawmakers 'all the way up until the September vote.' Witt said the country 'can’t afford to wait forever.'
The CLARITY Act would create a federal rulebook for digital assets, defining which tokens count as securities or commodities and setting oversight standards for trading platforms. The House passed the bill 294-134 on July 17, 2025. The Senate Banking Committee advanced its version in May 2026, with two Democrats joining Republicans.
Advancing past the cloture stage requires 60 votes. Republicans lack the numbers on their own, making Democratic support indispensable. Several Democrats still oppose the bill as written. Elizabeth Warren rejects it in its current form, citing corruption risks, inadequate consumer safeguards, national security concerns and threats to financial stability.
One sticking point is ethics rules. Democrats want stricter restrictions on crypto ventures tied to President Trump, including World Liberty Financial and the Official Trump memecoin.
Traditional banks are pressing the Senate to eliminate what they describe as stablecoin-yield advantages that could let crypto firms pull deposits from community banks.
Digital asset executives reacted with visible frustration when the vote slipped to September. Senator Cynthia Lummis acknowledged the setback and said the effort is 'far from over.' Coinbase CEO Brian Armstrong called the postponement disappointing and said stablecoin integration and asset tokenization would move ahead regardless of congressional timing.
Coinbase (COIN) shares closed Friday at $153.60, up about 5.7%, in the session after the delay. BitMine Chair Tom Lee said market participants were focusing on inflation and employment data more than the CLARITY timeline.
Kalshi contracts showed an 88% probability of Senate action before Oct. 1. Polymarket traders put 25% odds on President Trump signing the bill in 2026.
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