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CLARITY Act: The Real Deadline That Decides US Crypto's Future
Status: Passed Senate Banking Committee 15-9 (May 14). On Senate Calendar No. 423. No floor vote scheduled yet.
Key Dates:
July 13: Congress returns from break
August 7: Last Senate day before summer recess
Why It Matters: If the Senate does not pass it before recess, US crypto rules could slip to mid-2027 as midterm politics take over.
Blockers:
🔹 Needs 7 Democratic votes for the 60-vote threshold
🔹 Ethics provision on officials holding crypto
🔹 Section 604 law enforcement dispute
🔹 Merging Banking and Agriculture texts
Market Read: Polymarket 2026 passage odds near 48%, down from 74% a month ago.
Watch the Senate calendar once lawmakers return.