CLARITY Act Vote Deadline Nears as Scaramucci Warns of Collapse

Scaramucci now sees the bigger problem as procedural. Lawmakers have only 14 days until recess, leaving limited time for the steps needed to bring the bill to the Senate floor. He said lawmakers would need to signal the process is underway by Thursday afternoon.

Scaramucci expressed confidence that if the bill reaches the floor, it passes. “If it gets to the floor, it’s gonna pass,” he said. He pointed to younger Democratic lawmakers who may not want to oppose the crypto industry ahead of November elections, given the influence of crypto-focused PACs.

“I think a lot of the younger Democrats are not gonna want to go up against the crypto bros and their PACs come November,” he said.

The alternative scenario is stark. “If it doesn’t get to the floor, it dies a brutal death,” Scaramucci said.

He also warned that failure to advance the CLARITY Act could push crypto companies to move operations offshore. Industry leaders who have invested time and resources into the legislation could decide to relocate if regulatory uncertainty persists, he said.

The next few days will determine whether the CLARITY Act advances toward a vote or stalls until after recess.