Senate finalizes CLARITY Act text, faces tight timeline before August recess

If the Senate does not vote before the recess, the bill's chances of becoming law in 2026 drop sharply. The legislative calendar after the recess is crowded with appropriations and other priorities.

Traders in digital asset markets have watched the procedural steps closely. The CLARITY Act would define when a digital asset is a security or a commodity, and which agency regulates it. A vote before the recess would signal momentum. A delay would push the timeline into the fall, when the election season complicates floor time.

The Senate is set to recess at the end of the first week of August. No date for a vote has been set.