Senate vote on CLARITY Act expected next week, Rep. Steil says

Representative Bryan Steil, the Wisconsin Republican who chairs the House Financial Services Subcommittee on Digital Assets, went on Fox News to predict the Senate will pass the CLARITY Act next week. The Digital Asset Market Clarity Act has been moving through Congress for over a year. The House passed it on July 17, 2025, with a 294-134 vote. 78 Democrats joined Republicans in support.

The Senate Banking Committee advanced its own version on May 14, 2026, by a 15-9 margin. That bill landed on the Senate's Legislative Calendar by June 1. A floor vote is expected during the week of July 20, 2026. The bill needs 60 votes to clear the filibuster threshold.

Steil's prediction comes as Senate Republicans prepare updated text for the bill. President Trump has been engaging with senators on related digital asset matters, according to the report. The House managed to pull 78 Democrats, roughly a third of the caucus. The Senate would need around 9 to 10 Democratic votes, depending on attendance.

The CLARITY Act gives the CFTC authority over digital commodities and the SEC authority over investment contract assets linked to capital-raising efforts. Permitted payment stablecoins fall under a separate regime. The bill also proposes safe harbors for DeFi developers and validators.

The SEC has brought dozens of enforcement actions against crypto firms, often applying securities laws written in the 1930s to technology that did not exist until the 2010s. A clear statutory framework would give courts and regulators actual guidelines, Steil and other supporters argue.

The week of July 20 will determine whether the bill reaches the president's desk. The broader crypto market analysis will shift depending on the outcome.