Overview
- On Friday, the Senate removed the CLARITY Act from the August schedule and said it will not hold a floor vote until September, a step leaders described as a scheduling decision rather than formal withdrawal.
- The bill has passed the House and was advanced by the Senate Banking Committee by a 15–9 vote, and it has sat on the Senate Legislative Calendar since June 1 as Calendar No. 423.
- Negotiators continue to haggle over a binding ethics provision that would limit senior officials’ ability to profit from crypto, and the White House has engaged with lawmakers on compromise language without a final agreement.
- Prediction‑market odds for the law this year fell sharply to about 15.5 percent after the delay, and industry participants say the setback prolongs uncertainty for custody, product planning, and capital decisions.
- Lawmakers return in September to a short window crowded by appropriations and election‑season business so the bill faces heightened execution risk and may prompt the SEC or CFTC to move by rule if Congress does not act.