Senate has four session days to advance CLARITY Act before recess. White House reviews ethics counterproposal. Galaxy Research sees 30% passage odds. MSTR's Saylor backs bill.
Alpha Score of 35 reflects weak overall profile with weak momentum, weak quality, moderate sentiment. Based on 3 of 4 signals – score is capped at 90 until remaining data ingests.
The Senate has four scheduled session days to advance the CLARITY Act before the August recess begins Aug. 10. The White House is reviewing an ethics counterproposal from two senators, leaving one of the bill's final unresolved issues in play as the legislative window narrows.
Stand With Crypto, a cryptocurrency advocacy organization representing more than three million supporters, urged senators to approve the legislation before the recess, the group said. The organization plans to score every senator's vote on the bill, adding political pressure.
Attention has turned to the White House as lawmakers await a response to an ethics counterproposal submitted by U.S. Senator Thom Tillis (R-NC) and U.S. Senator Ruben Gallego (D-AZ). Journalist Eleanor Terrett reported that the administration is reviewing the proposal.
U.S. Senator Tim Scott (R-SC), chairman of the Senate Banking Committee, expressed hope that lawmakers could advance digital asset legislation soon, he said.
Senator Cynthia Lummis (R-WY) released updated CLARITY Act legislation on July 22, combining work from the Senate Banking and Agriculture committees after months of negotiations. The 616-page text establishes registration frameworks for digital commodity exchanges, brokers, dealers, and qualified custodians. It also addresses customer assets, software developers, decentralized finance, stablecoin yield, cybersecurity, illicit finance, self-custody, bankruptcy protections, and ethics requirements.
Committee members previously advanced the legislation through a 15-9 bipartisan Senate Banking Committee vote. Support has extended beyond Capitol Hill. SEC Chairman Paul Atkins has voiced optimism that Congress can approve the measure. Strategy Inc. (MSTR) Executive Chairman Michael Saylor has endorsed the proposal as a step toward clearer U.S. digital asset rules. MSTR carries an AlphaScala Alpha Score of 27, label Weak.
The Senate's official 2026 legislative schedule places the chamber on recess beginning Aug. 10. With four scheduled session days remaining from Aug. 4 through Aug. 7, lawmakers face a narrow window. Supporters may need 60 votes to overcome procedural opposition. Galaxy Research recently placed the bill's chance of becoming law in 2026 at 30% as ethics negotiations and scheduling pressures continued. The CLARITY Act odds have fluctuated amid the delays.
The ethics section includes restrictions on certain digital asset transactions, reporting requirements, a Government Accountability Office study, an effective date, and a sunset provision. White House feedback could determine whether negotiators revise those provisions during the remaining four-day window or continue discussions after the Senate returns in September. The delay has already drawn warnings from lawmakers about ceding the U.S. lead in crypto.
A new Senate Banking Committee minority staff analysis renews Democratic objections that the CLARITY Act preserves pathways for President Donald Trump's family to benefit from digital asset policies, according to a report by Punchbowl News. The analysis adds to the list of unresolved issues lawmakers will carry into September if the four-day window closes without a deal.
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