Trump Set to Review CLARITY Act With Senators as Markets Boost Odds of Pre-Recess Vote
AI Market Summary
Washington momentum behind the CLARITY Act is rising as President Trump meets senators and a revised draft may be introduced within days, with a possible Senate floor vote next week. Prediction markets have sharply increased odds of a pre-recess vote, though enactment probabilities remain lower. A clearer U.S. crypto market structure framework would reduce regulatory uncertainty, supporting near-term risk appetite across major crypto assets.
Impact level
● Medium
Affected assets
BTC/USDT-0.97%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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The CLARITY Act is picking up steam in Washington as President Donald Trump is expected to meet a group of senators at the White House on Thursday to review progress on the crypto market-structure legislation.
Politico reported the discussion will center on the bill's route through the Senate, with lawmakers trying to move it before Congress breaks for the August recess. Senator Bernie Moreno said the delegation will update Trump on the latest developments and credited the president with helping drive the effort. Senator Cynthia Lummis is also expected to attend.
Supporters are pressing to advance the measure ahead of the recess, viewing the window as a key chance to act before the midterm election cycle intensifies. Senator Thom Tillis, who has been working to resolve remaining provisions, said he hopes an agreement can be reached by the end of the week so the bill can reach the Senate floor in time.
Lummis added momentum in an interview with Fox Business, saying a revised draft should be introduced within the next few days and that she expects the bill to come to the Senate floor sometime next week.
Prediction markets have turned more bullish on a near-term vote. On Kalshi, traders now peg a 77% probability that the Senate will vote on the CLARITY Act before the August recess, a sharp increase from the prior day.
Expectations for final enactment remain more measured. Kalshi traders currently put the chance of the bill becoming law this year at 36%, and 62% by the end of 2027. On Polymarket, traders see a 39% likelihood the CLARITY Act will be signed into law this year.
