Overview
- The bill remains on the Senate calendar after a 15–9 Senate Banking Committee vote and more than 200 crypto firms delivered a letter on Monday urging Senate leaders to schedule a full Senate vote.
- Analysts led by Galaxy Digital cut the bill’s 2026 passage odds to about 60% because the Senate has limited floor days before the month-long August recess and competing priorities are consuming time.
- Negotiators still must resolve key policy fights over lawmaker ethics rules, anti‑money‑laundering and sanctions language, and limits on passive stablecoin yields before they can secure roughly 60 votes and reconcile committee texts.
- Senator Cynthia Lummis and other sponsors are publicly pressing Senate leadership for a July floor window, saying Majority Leader Thune must allocate time soon to avoid slipping the effort into the post‑recess calendar.
- If the CLARITY Act clears the Senate it will still need House alignment and the president’s signature, and supporters say a statute would keep crypto activity, jobs and supervision in the U.S. while opponents warn about bank‑like products and weak AML safeguards.