CLARITY Act Unlikely to Advance Before April as Senate Prioritizes Other Bills

The CLARITY Act, a U.S. crypto market structure bill, is unlikely to advance in the Senate before April, Senate Majority Leader John Thune said, according to Fox Business journalist Eleanor Terrett on X. Thune noted the chamber is prioritizing other measures, including a vote on the SAVE America Act, and said he expects the bill to emerge from the Senate Banking Committee around April. Solana Policy Institute President Kristin Smith argued the legislation could still pass by July, while acknowledging difficulties in moving standalone bills before U.S. midterm elections and pointing to opposition from Democratic Senator Elizabeth Warren. Smith's outlook aligns with JPMorgan analysts who see passage by mid-2026, and she highlighted support from President Donald Trump, who has urged Congress to fast-track the bill, criticized banks for allegedly slowing it down, and warned that prolonged delays could push crypto activity to jurisdictions like China.