Senate Could Vote on Digital Asset Market Clarity Act Ahead of August 2026 Recess

Treasury Secretary Scott Bessent said the U.S. Senate is in the final stretch toward passing the Digital Asset Market Clarity Act, signaling a floor vote could come before lawmakers break for the August 2026 recess. The bill has been in play since it cleared the House in July 2025 and has continued to draw debate over issues including stablecoin yields, oversight of decentralized finance (DeFi), and anti-money-laundering requirements. The Senate Banking Committee advanced the legislation in May 2026, and it is now awaiting a vote by the full Senate. Bessent's remarks could influence prediction markets tracking the bill's prospects. Over the past 24 hours, YES odds have climbed from 38% to 41.5%. His characterization that the process is on the "1-yard line" suggests final legislative action may be close, a dynamic that could further lift market confidence. Market participants will focus on whether the Senate formally puts the bill on the calendar, a step widely viewed as a strong signal of impending passage. Senate Majority Leader Chuck Schumer and Senate Banking Committee Chairman Tim Scott are positioned to accelerate the timeline. Attention will also turn to any public positioning from President Donald Trump, whose signature would be required for the measure to become law. Negotiations over unresolved areas, particularly stablecoin regulation, are expected to remain the key swing factor for expectations.