Clarity Act faces a tight Senate timetable ahead of recess
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US crypto market-structure legislation (the Clarity Act) faces a tight timeline ahead of the Senate's recess, with leadership signaling a near-term procedural vote but unresolved ethics language and no White House response to the latest compromise. The uncertainty keeps regulatory clarity in limbo, which can affect risk appetite, exchange and issuer planning, and near-term positioning across major crypto assets.
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The Senate is set to depart Friday for a five-week recess, leaving the crypto market structure package known as the Clarity Act with only the rest of this week to advance. Majority Leader John Thune (@LeaderJohnThune) said an initial vote is likely before lawmakers leave.
Sen. Bill Hagerty (@SenatorHagerty) told Fox Business, "We're going to have to pass the Clarity Act," arguing the U.S. risks falling behind in digital assets.
Momentum has stalled in a dispute that cuts across party lines. Democrats are pushing for tougher language in the ethics section to bar officials and their families from crypto ventures. The White House has not responded to a compromise rewrite sent over last week.
The measure passed the House last year with broad bipartisan support. With the recess looming, its fate now hinges on action in the coming days.
