Senate Could Vote on CLARITY Act Ahead of August Recess, Lummis Says

Sen. Cynthia Lummis said she expects the Senate to hold a vote on the CLARITY Act before lawmakers leave Washington for the August recess. Formally titled the Digital Asset Market Clarity Act of 2025, the legislation would spell out how regulatory oversight of digital assets is divided between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill has already moved through the Senate Banking Committee on a 15-9 vote and is being watched as a potential blueprint for U.S. crypto regulation. Market participants took Lummis's remarks as a sign of momentum on Capitol Hill, a factor that can shape expectations about whether the bill ultimately becomes law. Even so, prediction-market pricing for the CLARITY Act being signed into law by the end of 2026 implies a 15.5% probability of a "YES" outcome, down sharply from 26% a day earlier, pointing to rising uncertainty. Key decision-making roles sit with Senate Banking Committee Chair Tim Scott and Senate Majority Leader Chuck Schumer, who are central to setting the floor schedule and steering the bill through the next steps. What to watch: As the August recess nears, attention will focus on whether leadership formally schedules a vote. Announcements from Scott or Schumer, signs of bipartisan backing, or a confirmed floor slot would be read as supportive for the bill's path forward. Delays or organized opposition would signal a tougher road. Get live prediction market analysis, powered by Vera. Sign up for Vera.