Senator Lummis called the inaction frustrating. Prediction markets still see an 88% chance of a vote before Oct. 1, with $5.79 million wagered on Polymarket.
Alpha Score of 37 reflects weak overall profile with poor momentum, weak value, poor quality, strong sentiment.
The US Senate will not vote on the Digital Asset Market Clarity Act before the August recess. Majority Leader John Thune filed cloture on a motion to bring the bill to the floor. Consideration is now scheduled for mid-September, ending speculation that lawmakers would address the legislation more than a year after the House passed it.
Senator Cynthia Lummis, a key sponsor, said the chamber's inaction left her frustrated. "You can imagine how frustrated I am," she said Friday. She added that she would keep working with colleagues. "This fight is far from over."
Coinbase CEO Brian Armstrong and chief policy officer Faryar Shirzad called the delay disappointing. Armstrong said September would be the time to "finish the job." Bitmine Chair Tom Lee noted in the firm's weekly report that financial markets had focused more on softer inflation and jobs data than on the bill's fate.
Bipartisan talks had shown progress. Some Senate Democrats pushed for stricter ethics provisions tied to President Donald Trump's crypto investments. Trump's World Liberty Financial and a memecoin he launched before taking office have drawn scrutiny. Banking advocates also raised concerns. In a Wall Street Journal op-ed, the editorial board argued that CLARITY would let companies pay interest to stablecoin holders. Small banks that rely on deposit interest could miss out, the board said.
The vote comes with just 50 days before the 2026 midterm elections. That timing could reduce the odds of passage. Lummis said she would keep pushing. Armstrong said the industry needed to "finish the job" in September.
Prediction markets still see a path. On Kalshi, a contract with $1.23 million wagered gave an 88% chance of a Senate vote before Oct. 1. A Polymarket contract asking whether the bill would become law this year showed a 26% chance, with more than $5.79 million in total wagers. If the Senate passes CLARITY, it will return to the House before heading to Trump's desk.
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