Congress is running out of time. The Senate has only days left before a lengthy break, and the CLARITY Act, which aims to reshape how the US regulates digital assets, still lacks a confirmed vote. Wyoming Senator Cynthia Lummis is pressing colleagues to decide quickly, but the legislative calendar and internal divisions make the outcome far from certain.
Lummis said on Wednesday that she expects a vote before the month-long summer recess. She's one of the bill's most vocal backers and has been clear that lawmakers need to take an official stance. Yet no final schedule has materialized. If the Senate doesn't vote this week, the review could slip until after the 2026 midterm elections, effectively shelving it for now.
The House already cleared the first hurdle back in July 2025, passing the bill 294 to 134. But the Senate is a different battlefield. Several Democratic lawmakers are now demanding stricter ethical rules around investments by President Donald Trump, who disclosed receiving over $1.4 billion in digital asset holdings in 2025. Those concerns have become a sticking point in negotiations.
The CLARITY Act needs 60 votes to overcome a filibuster. Getting there requires bipartisan support, and right now, the math is murky. The next few days will reveal whether senators have the appetite to move forward before the break, or whether crypto regulation gets pushed to the back burner.
This is informational material about legislative developments. It is not financial advice or an endorsement of any regulatory position.
