According to Golden Finance, due to disagreements within the Republican Party over the Border Security Coordination Act, the Senate did not advance the CLARITY Act before Memorial Day recess and will need to seek a vote after reconvening in early June. With a tight schedule, issues such as housing, agriculture, and the June 12 FISA deadline still need to be addressed, and the bill is likely to be delayed until July for review, affecting the probability of passing before the August recess. Staff from the Agriculture and Banking Committees are coordinating behind the scenes and pushing forward with the drafting of the text.

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2026-05-23 04:38:48

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Golden Finance reports that crypto journalist Eleanor Terrett posted on X that due to ongoing disagreements within the Republican Party over the border security coordination bill, the U.S. Senate was unable to advance related legislation before Memorial Day, resulting in the Crypto Market Structure Bill, the CLARITY Act, needing to be reconsidered for Senate voting after Congress reconvenes in early June. The current Senate schedule is already very tight, with additional priorities such as the housing bill, the agriculture bill, and the June 12 FISA bill deadline, so crypto market structure legislation is likely to be delayed until July for review, which could affect its final passage before the Senate's August recess. It is reported that staff from the Senate Agriculture Committee and the Banking Committee have already begun behind-the-scenes coordination and integration of bill texts, and related technical drafting work will continue during the recess.

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The likelihood of the U.S. CLARITY Act being delayed until July for review and ultimately passed in August is affected.

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