CLARITY Act stalls as Senate nears recess, floor vote absent

“Dems finally saying the quiet part out loud: it’s not about protecting consumers from scams or ensuring businesses and jobs stay in America, it’s about hurting Trump by any means necessary – no matter who becomes collateral damage.”

Lummis specifically named Senator Elizabeth Warren, the Massachusetts Democrat and crypto critic, accusing her of preferring “no rules of the road for the digital asset industry” over giving President Trump a win. The quote came from the same X post.

Without a bill, the SEC and CFTC could act through rulemaking. That path is easier to reverse than a statute. Some digital asset firms are already relocating to friendlier jurisdictions, Lummis said, citing reports. For context on the legislative odds, see the CLARITY Act odds sink to 27% after Senate delays crypto bill coverage.

The bill could be revived in September when the Senate returns on the 14th. Whether it reaches the floor then is uncertain. The delay has already drawn warnings about the US losing its crypto lead, as covered in CLARITY Act delay risks US crypto lead, Haridopolos warns.

The Senate returns September 14.