CLARITY Act Crypto Market Structure Bill Stalls in the Senate
2026-07-05
The Digital Asset Market Clarity Act (CLARITY Act), widely described as the crypto industry's top legislative priority, missed a targeted July 4, 2026 signing date, according to reporting from TechTimes and CNBC, leaving its path to passage this year uncertain.
The bill passed the House by a wide 294-134 margin in July 2025 and advanced out of the Senate Banking Committee on a 15-9 vote on May 14, 2026, with two Democrats joining all Republicans on the panel. From that point, the bill still requires a cloture motion, a 60-vote floor majority, and reconciliation with a companion Senate Agriculture Committee measure before it could reach the President's desk.
According to TechTimes' coverage, three disputes have blocked the additional Democratic votes needed for passage: an ethics provision related to a $1.4 billion cryptocurrency income disclosure by President Trump for 2025, developer-protection language in the bill's Section 604, and rules governing whether crypto platforms can offer yield-like rewards on stablecoin balances.
Prediction markets tracking the bill's odds of 2026 passage fell from roughly 82% in February to the 40-50% range by early July, per TechTimes, though analysts quoted in the coverage stopped short of calling the bill dead, noting Senate leadership had not abandoned efforts to bring it to a floor vote.
Related on this site: See our related guide on current US crypto tax rules.