#SenateDelaysCLARITYActVoteToSeptember
Yes, that’s right — *Senate AS officially postpones voting on the CLARITY Act until September* 😬
*What happened:*
*Senate Majority Leader John Thune* confirmed last Thursday that a procedural vote for the _Digital Asset Market Clarity Act_ was delayed until the Senate returns from its August recess.
The Senate takes a 5-week break starting August 8 and returns *September 14*. After that, there are only ~14 days of sessions before the October recess.
*Why it was postponed:*
1. *Short by 60 votes*: It needs Democratic support to overcome a filibuster. Negotiations hit a wall on issues of ethics, stablecoin yield, money laundering, and protections for developers.
2. *Packed calendar*: The Senate still has to handle Trump nominations + a Russia sanctions bill.
3. *Election politics*: Democrats don’t want to vote before the midterm in November because crypto’s influence has already grown.
*What’s in the CLARITY Act?*
The most comprehensive market-structure bill in the U.S. The gist:
- Divide authority: *SEC* vs *CFTC*. The CFTC would control the majority of crypto assets.
- Classify Bitcoin as a commodity.
- Goal: provide legal certainty so crypto companies like Coinbase don’t get pursued by the SEC anymore.
*What are the odds now?*
Analysts are pessimistic. The chance of passing in 2026 drops to *14%* on Polymarket. Galaxy gives it a 50-50.
Reasons: the timeline is tight + the election makes it harder to pass something controversial. If it fails in September, it’s likely to be revisited later—when lawmakers are in the “lame-duck” period after the election.
The crypto industry is extremely disappointed. The CEO of the Digital Chamber said “the fight is far from over” and will lobby again in September. Coinbase rose 4.4% when the delay news came out—maybe a “buy-the-news.”
*Note*: Constitutionally, Trump can call the Senate back during recess, but so far he hasn’t. 9a04
Do you want me to also explain the difference between the CLARITY Act and other crypto bills like the GENIUS Act?
Yes, that’s right — *Senate AS officially postpones voting on the CLARITY Act until September* 😬
*What happened:*
*Senate Majority Leader John Thune* confirmed last Thursday that a procedural vote for the _Digital Asset Market Clarity Act_ was delayed until the Senate returns from its August recess.
The Senate takes a 5-week break starting August 8 and returns *September 14*. After that, there are only ~14 days of sessions before the October recess.
*Why it was postponed:*
1. *Short by 60 votes*: It needs Democratic support to overcome a filibuster. Negotiations hit a wall on issues of ethics, stablecoin yield, money laundering, and protections for developers.
2. *Packed calendar*: The Senate still has to handle Trump nominations + a Russia sanctions bill.
3. *Election politics*: Democrats don’t want to vote before the midterm in November because crypto’s influence has already grown.
*What’s in the CLARITY Act?*
The most comprehensive market-structure bill in the U.S. The gist:
- Divide authority: *SEC* vs *CFTC*. The CFTC would control the majority of crypto assets.
- Classify Bitcoin as a commodity.
- Goal: provide legal certainty so crypto companies like Coinbase don’t get pursued by the SEC anymore.
*What are the odds now?*
Analysts are pessimistic. The chance of passing in 2026 drops to *14%* on Polymarket. Galaxy gives it a 50-50.
Reasons: the timeline is tight + the election makes it harder to pass something controversial. If it fails in September, it’s likely to be revisited later—when lawmakers are in the “lame-duck” period after the election.
The crypto industry is extremely disappointed. The CEO of the Digital Chamber said “the fight is far from over” and will lobby again in September. Coinbase rose 4.4% when the delay news came out—maybe a “buy-the-news.”
*Note*: Constitutionally, Trump can call the Senate back during recess, but so far he hasn’t. 9a04
Do you want me to also explain the difference between the CLARITY Act and other crypto bills like the GENIUS Act?