Senate Has 15 Days to Pass Crypto Clarity Act Before Recess

The Digital Asset Market Clarity Act, known as the CLARITY Act, cleared the House with a 294-134 bipartisan vote in July 2025 and the Senate Banking Committee followed with a 15-9 approval on May 14. The bill was placed on the Senate calendar June 1, where it has sat since. The Senate reconvened after the July 4 holiday on July 13, leaving roughly 15 days before the August recess window, expected to begin around August 10.

Formally designated H.R. 3633, the legislation draws a legal line between digital commodities and digital securities. Commodities fall under CFTC jurisdiction. Securities stay with the SEC. A project launching a token would know from day one which regulator answers, rather than finding out through an enforcement action years later. The bill also addresses market structure, disclosure requirements, and consumer protections, areas where the current patchwork of state-level rules and federal guidance has left investors and builders operating with significant uncertainty.

Senators Cynthia Lummis and Tim Scott are among the key negotiators shepherding the bill toward a floor vote. Lummis has been the Senate’s most consistent advocate for crypto legislation, dating back to her earlier Lummis-Gillibrand efforts that stalled in prior sessions. Scott, as Senate Banking Committee chair, carries significant procedural influence over the timeline. Updated bill text is expected by late July, suggesting final language is still being hammered out.