The Clarity Act misses an Aug. 7 deadline supporters saw as critical for 2026 passage. Thune says votes are uncertain. Partisan disputes over stablecoin rules and ethics provisions complicate the path.
Alpha Score of 67 reflects moderate overall profile with strong momentum, strong value, weak quality, moderate sentiment.
The Senate's push to advance the Digital Asset Market Clarity Act, the crypto industry's top legislative priority, is losing momentum. A target date of Aug. 7, which supporters had seen as the last realistic window to keep the bill on track for 2026 passage, has effectively slipped.
Senate Majority Leader John Thune told reporters Thursday he hopes to "at least get Clarity started" before the August recess but offered no guarantee. The Senate still needs to determine whether it has the votes to advance the measure, Thune said.
Missing the Aug. 7 milestone reduces the odds of final passage next year, several industry advocates said. The November midterm elections and a packed legislative calendar leave little room for a complex crypto market structure bill to reach the floor, let alone clear both chambers.
The Clarity Act has drawn criticism from both parties since its latest draft was released. Disagreements center on stablecoin yield rules, government ethics provisions, and restrictions on senior officials, including President Donald Trump, engaging in crypto-related business. Those disputes have made bipartisan support harder to build.
Thune's office said the Senate's immediate priority is a bipartisan sanctions package targeting Russian leadership and countries trading with Russia. That legislation, championed by the late Senator Lindsey Graham, is expected to receive floor consideration next week.
White House crypto adviser Patrick Witt told CoinDesk TV he remains optimistic. The first week of August still provides an opportunity to begin work on the bill, Witt said, though he acknowledged a final vote before the end of July is unlikely.
Even if the Senate advances the Clarity Act in September, the House must also approve it. The bill aims to establish a legal framework for digital assets in the U.S., offering what supporters call long-term regulatory clarity for the sector.
For context on other crypto policy developments, see the CFTC's current structure and its crypto oversight role.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.