Clarity Act survival depends on the U.S. Senate getting a lot of non-crypto work done
The Senate still has to finalize and schedule the Digital Asset Market Clarity Act, but time is tight: only about eight floor weeks remain before the August recess and election season. The bill has bipartisan support, yet major disputes remain, including how to handle ethics restrictions on officials’ crypto holdings, stablecoin yield rules, DeFi protections, and CFTC staffing requirements. The Senate must also clear higher-priority bills, especially FISA and an immigration funding measure, both of which are tangled in unrelated fights. Other competitors for floor time include housing, war powers on Iran, farm bill work, and the NDAA. Crypto advocates still hope for a late-summer or lame-duck passage, but odds worsen as the calendar fills up. Senators have already advanced the bill through Banking, while Agriculture remains unresolved.
