Senate Clarity Act vote slips to September on scheduling issues, per Politico. Odds of passage this year sink to 15.5% from 30% a week ago.
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The U.S. Senate has pushed its vote on the Clarity Act, the crypto market-structure bill that already cleared the House, to September, Politico reported. The delay stems from scheduling issues during the Senate's summer recess, not a formal withdrawal of the legislation. The bill aims to split jurisdiction over digital assets between the SEC and the CFTC.
The market for the bill's passage by the end of 2026 has moved with the news. Odds of the Clarity Act becoming law this year fell to 15.5% on the day, down from 18% a day earlier and from 30% a week ago. The decline reflects fading confidence in a near-term resolution, with traders reading the postponement as a sign that legislative bandwidth will be tight when the Senate returns.
The delay aligns with the broader slowdown in crypto legislation on Capitol Hill. The Senate Banking Committee, chaired by Tim Scott, has yet to schedule a markup, and Majority Leader Chuck Schumer controls floor time. Both will determine whether the bill gets a vote before the end of the session.
A September vote is not guaranteed. The fall calendar is crowded with appropriations deadlines and the run-up to the November election, which historically compresses the legislative window. Public endorsements or opposition from influential senators or White House officials could move the odds in either direction before the chamber reconvenes.
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