Overview
- Senate leaders have scheduled a procedural cloture vote for September 15 that would need 60 votes to end debate and allow final Senate consideration of the CLARITY Act.
- House Republican leadership canceled the planned September 21 and 28 voting weeks, leaving only a short window for the House to act and making final bicameral approval before the midterms highly unlikely.
- Prediction markets have sharply reduced the bill’s odds of becoming law and at least two anonymous traders placed roughly $1.5 million in combined wagers against passage, a signal of market skepticism about the September 15 test.
- Negotiators still disagree on core policy items, including rules on stablecoin yield arrangements and proposed ethics limits on officials’ crypto activity, and those unresolved fights are blocking bipartisan agreement.
- Supporters warn a failed cloture vote would shelve the bill for the session and could push a viable chance for comprehensive market‑structure legislation into 2030 while regulators such as the SEC continue to write rules under existing authority.