started · updated
CLARITY Act faces legislative hurdles in U.S. Senate
The CLARITY Act, a major cryptocurrency market structure bill, faces significant hurdles in the U.S. Senate ahead of a scheduled procedural vote on September 15, 2026. Lawmakers remain deeply divided over ethics provisions, specifically regarding whether the President and their immediate family could profit from crypto businesses while federal policy is being drafted. Republicans require at least seven Democratic or independent votes to meet the 60-vote threshold for passage.
Senator Cynthia Lummis has warned that if the legislation fails to pass during the current Congress, the next realistic opportunity for comprehensive crypto market structure reform may not arrive until 2030. This delay could result in lost jobs, investment, and tax revenue. Additionally, the House of Representatives' decision to cancel the final two weeks of its September legislative schedule has been described by industry leaders as devastating for the bill's momentum.
Other complicating factors include banking sector concerns regarding stablecoin rewards and ongoing debates over protections for non-custodial software developers. Prediction markets currently reflect low confidence in the bill's success, with odds of passage before year-end dropping below 20%.
Entities
Chainlink · Commodity Futures Trading Commission · Cynthia Lummis · Donald Trump · Polymarket · Securities and Exchange Commission · U.S. House of Representatives · U.S. Senate · United States Senate
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Allowing DeFi protocols to pay interest on stablecoins could reduce community bank lending by $850 billion. finbold.com
- [○ 1 SOURCE] The House cancellation of its final two weeks of the September legislative schedule is a setback for the bill. coinpedia.org
- [● 2 SOURCES] The bill proposes dividing regulatory oversight between the SEC and the CFTC. cryptobriefing.com · www.neweconomy.jp
- [● 5 SOURCES] Failure to pass the CLARITY Act during the current Congress could delay comprehensive crypto legislation until 2030. ambcrypto.com · finbold.com · www.tekedia.com · cryptoast.fr · www.neweconomy.jp
- [● 2 SOURCES] Prediction market odds for the CLARITY Act passing by the end of the year have dropped to below 20%. cryptoast.fr · cryptobriefing.com
- [● 2 SOURCES] The House passed the CLARITY Act with a bipartisan vote of 294-134 on July 17, 2025. cryptobriefing.com · www.neweconomy.jp