Grayscale Pushes Senate to Vote on CLARITY Act Before Recess

The House passed an earlier version of the legislation in July 2025 with strong bipartisan support. In the Senate, related measures cleared the Banking and Agriculture committees earlier in 2026. A consolidated draft, which runs hundreds of pages and includes ethics restrictions on officials holding digital assets, was released in late July. The bill has not yet reached a floor vote. Remaining disagreements around ethics enforcement, certain stablecoin provisions, and other specifics have slowed progress as Congress runs out of time before the recess.

Grayscale's appeal comes as floor time shrinks. The company said months of bipartisan work had produced a compromise that deserved a vote. Industry participants have long argued that the absence of clear US rules has held back institutional participation, pushed activity offshore, and left companies navigating uncertain enforcement. Supporters say a clear framework would strengthen investor protections, help innovative companies, bolster tools against illicit finance, and keep the United States competitive in financial technology.

Grayscale manages digital asset products held by hundreds of thousands of investors. The company's public call for a vote reflects a broader industry view that the negotiations have produced a workable bill. Senate leadership will decide whether to bring it to the floor before the recess or let the legislation slip into a period with more political pressure ahead. Recent polls on the bill's odds have fallen – the CLARITY Act's chances of passing this year sank to 27% after the Senate delayed the bill last month.