U.S. Senate delays the CLARITY Act as its summer deadline closes in
The Senate is prioritizing nominations and Russia sanctions, leaving the central U.S. crypto market-structure bill with only a narrow path before the August recess.
The U.S. Senate set aside the Digital Asset Market Clarity Act on July 27 while Majority Leader John Thune prioritized federal nominations and a Russia sanctions bill. Because the chamber can usually manage only one disputed bill at a time, the change leaves little room for the crypto proposal before the summer break.
The bill could still receive preliminary action during the final week before the Senate's August 8 recess. A full vote is less certain, however, because lawmakers have not resolved a proposed ban on senior government officials backing crypto projects, including questions surrounding President Donald Trump's digital-asset interests.
A delay until September would further compress the legislative calendar before the midterm elections. If the CLARITY Act stalls, the industry's near-term regulatory progress would depend more heavily on implementation of the GENIUS Act and policy work at the SEC and CFTC.