On July 13, 2026, the U.S. Senate ended its July 4 recess and formally resumed its sessions. This day also marks the most critical legislative window to date for the “CLARITY Act”—from July 13 to August 7, when the Senate begins its summer recess, with only about 20 working days remaining at most. Dubbed by the industry as “the most weighty market-structure legislation in the history of the U.S. crypto industry,” the bill has already cleared several key milestones since it was officially introduced by French Hill, Chair of the House Financial Services Committee, on May 29, 2025—passing the House (July 2025, 294-134) and approval by the Senate Banking Committee (May 14, 2026, 15-9), among others. Now, it has come to the threshold of a full Senate floor vote. Over the next three weeks, it will be decided whether the bill becomes law in 2026 or is delayed to 2027, or even longer.

What problem the bill is intended to solve
The core goal of the CLARITY Act is to establish, at the federal level, a comprehensive regulatory framework for digital assets. For a long time, the biggest dilemma facing the U.S. crypto industry has not been “overly strict” or “overly lax” regulation, but rather “not knowing who has jurisdiction.” The SEC uses the Howey test to determine whether tokens constitute securities, while the CFTC treats Bitcoin, Ethereum, and others as commodities—but in terms of enacted statutes, there is a lack of a unified “digital”