Crypto▲ Bullish
Clarity Act negotiations reach critical point as Senate races toward August recess
The CLARITY Act needs 60 Senate votes and at least seven Democrats to cross the aisle. This week's talks could determine the path for US crypto rules before the August recess.
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The CLARITY Act negotiations entered their final days this week as the Senate aims for a floor vote before the August recess. The bill, formally H.R. 3633, would give the Commodity Futures Trading Commission, which has long sought a larger role in digital assets, exclusive oversight of spot markets for digital commodities. The Securities and Exchange Commission would retain authority over tokens that function as securities, with enforcement of disclosure and consumer protections. A proposed DeFi sandbox would let decentralized finance projects operate under supervision without triggering the full weight of securities law.
The House passed the bill in July 2025 by a 294-134 bipartisan vote. The Senate Banking Committee approved it May 14, 2026 by a 15-9 margin. Senate Republicans released updated text on July 17 after a White House meeting that included President Trump and key industry stakeholders. About 50 crypto executives met with lawmakers in lobbying events ahead of this week's talks.
The bill needs 60 votes to clear the Senate under standard cloture rules. Republicans hold fewer than 60 seats. At least seven Democrats must cross the aisle to reach that threshold.