Crypto▼ Bearish
CLARITY Act odds sink to 27% after Senate delays crypto bill
CLARITY Act missed the Senate's Aug. 4 schedule. Polymarket odds dropped to 23% on a 42% decline. Thune said market structure "we'll get a vote on" but funding comes first.
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The CLARITY Act did not appear on the U.S. Senate's Aug. 4 schedule, tightening the timeline for lawmakers to advance the crypto market structure bill before the August recess.
Senators convened at 10:00 a.m. ET Tuesday before breaking until 2:15 p.m., according to the Senate Daily Press schedule. After leadership remarks, the chamber was expected to resume consideration of the motion to proceed to H.R. 6500, a vehicle for a continuing resolution, following cloture. The schedule listed possible votes on Erica Schwartz's nomination to lead the Centers for Disease Control and Prevention and a group of 74 nominations considered together. It did not mention H.R. 3633, formally known as the Digital Asset Market Clarity Act.
Senate leaders can still add the crypto bill later. No cloture motion had been filed on H.R. 3633 as of Tuesday, leaving lawmakers without the procedural step needed to move toward a vote.
Analyst Ted Pillows said that if Senate leadership waited until Wednesday to file cloture, Friday would likely be the earliest day for a procedural vote.
Senate Majority Leader John Thune has continued to identify digital asset market structure as a legislative priority. Government funding remains ahead of it.
“We have a bunch of stuff that we have to finish, and we’ll just stay here until we finish it,” Thune said. Asked specifically about the crypto bill, he added: “I think market structure we’ll get a vote on. Whether we can get on it or not, we’ll see.”
Thune previously described market structure legislation as a candidate for Senate consideration. He said funding the government was the chamber's most urgent task. The Senate is now working through the continuing resolution as the recess deadline approaches.