The Senate could vote on the CLARITY Act as soon as this month, before lawmakers scatter for August recess. Majority Leader John Thune signaled the chamber will likely push through an initial procedural step, though the White House is still reviewing parts of the bill's ethics language that remain contested.

Negotiations over those outstanding provisions are what actually determine whether this vote happens and when. The bill itself aims to clarify regulatory authority over digital assets, a framework that crypto advocates say can't wait for perfect legislative consensus. If the Senate moves forward, it would mark the first real momentum on full crypto legislation this year.