CLARITY Act misses July target making August 7 a critical date for the bill
The CLARITY Act missed its July 4 target, shifting attention to whether Senate leaders can bring it to the floor before the August recess. Supporters are treating August 7 as the practical deadline, since the Senate’s next work period begins August 10 and the chamber returns from its July break on July 13. The Senate Banking Committee advanced H.R. 3633, the Digital Asset Market Clarity Act of 2025, in a 15-9 bipartisan vote, but final passage now depends on Senate floor time and coordination among bill managers and leadership, including Tim Scott and Cynthia Lummis. The House already passed the bill 294-134. The measure would create a federal market-structure framework for digital assets, including exchange rules, customer-asset protections, disclosures, and division of authority between the CFTC and SEC. If the Senate slips past August, unresolved regulatory uncertainty for exchanges, issuers, and market-structure planning will continue into the fall.
