Senate Republican leaders are pushing to pass the Digital Asset Market Clarity (CLARITY) Act in July, with roughly four weeks before a monthlong recess, even as Senator Cynthia Lummis insists the bill protects consumers while clearing the way for responsible innovation.
Key Takeaways:
Senate Banking Chair Tim Scott and Majority Leader John Thune are pushing for a CLARITY Act vote in July 2026.The bill needs 60 votes; Republicans hold 53 seats, requiring at least seven Democrats to cross over.Galaxy Research cut the odds of passage this year to 50%, citing a tight pre-recess calendar.Senate Banking Committee Chairman Tim Scott (R-SC) and Senate Majority Leader John Thune (R-SD) are pressing for the chamber to take up the CLARITY Act in July, according to reporting confirmed this week. The market-structure bill would split oversight of digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), a division the industry has sought for years.
“When the Clarity Act becomes law, for the first time, there will be a consumer-friendly disclosure framework for digital assets. Not retrofitted from 1933. Built for 2026 and beyond.”
Industry Presses, Critics Push BackThe next step is floor scheduling because if Thune carves out time after the defense bill, the Senate could vote in late July, sending the measure toward reconciliation with the House version before any presidential signature. Miss the August recess deadline, and the industry’s best shot at federal market-structure rules could slip into 2027.
