
The CLARITY Act missed its Senate vote window before recess as Lummis says daily talks with Democrats continue. Odds fell to 27% after the delay.
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The CLARITY Act missed its last window for a Senate vote before the August recess, even as Senator Cynthia Lummis said negotiations with Democrats are continuing daily.
Lummis, speaking on Fox Business, said Majority Leader John Thune had reserved floor time for the bill for several weeks. That time expired Friday without a vote. She said she still believes Thune intends to bring the legislation forward when the Senate returns.
The Wyoming Republican posted on X that she worked "late last night on the CFTC portion of the bill." She urged colleagues to support a bill she said includes ethics coverage for the president, vice president, Congress, and the federal judiciary. "Let's provide a clear regulatory framework and keep this industry here in the United States by passing the Clarity Act," she wrote.
Senator Bill Hagerty pushed for a floor vote rather than extended talks. "We have to pass the CLARITY Act. I think we should put it through a vote on the floor of the United States Senate and find out where Democrats stand," he said.
Anthony Scaramucci, in a post on X, referenced "cloture tomorrow" and called the bill one of the most important financial market proposals in years. No cloture motion was filed before the recess.
The House passed the CLARITY Act in July 2025 with bipartisan support. The Senate Banking Committee advanced its version in May 2026. The bill needs 60 votes to clear a cloture hurdle.
Several Democrats are still seeking changes to ethics rules, illicit finance measures, and stablecoin yield provisions. Those demands have blocked a floor vote through 11 months of negotiation.
The legislation would define the boundary between digital commodities and securities, set registration rules for exchanges and token issuers, and give the CFTC authority over spot crypto markets on regulated platforms.
Congress earlier passed the GENIUS Act, a stablecoin bill, as a separate piece of digital asset legislation.
The delay carries costs. The CLARITY Act odds tracker shows the bill's passage probability sank to 27% after the Senate missed its deadline. Senator Joe Gruters has warned the delay risks ceding U.S. crypto leadership to other jurisdictions, as reported here.
For investors tracking the legislative path, the next window opens when the Senate returns from recess. Lummis said she is still working with Democrats daily. Whether that produces a floor vote or more delay depends on whether the outstanding Democratic demands can be resolved in the remaining weeks before the session intensifies.
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