Senator Lummis pushes for CLARITY Act vote before August recess as prediction markets price approval odds below 30%, risking a stall in crypto regulatory clarity.
Regulation & Gov ·
The Senate has only days remaining before a month-long August recess to vote on the Digital Asset Market Clarity Act, with Senator Cynthia Lummis expressing expectation that a vote will occur before the break. Prediction markets are currently pricing approval odds at below 30%, down from earlier levels, as the bill still requires 60 votes to overcome a filibuster and faces opposition from multiple Democratic lawmakers seeking stronger ethics provisions and at least one Republican senator concerned about banking-sector protections. If the vote stalls before the recess begins after Friday, consideration of the crypto market structure legislation could be delayed into the 2026 election cycle or beyond, potentially leaving token classification and regulatory rules unresolved. The measure previously passed the House with a 294-to-134 vote in July 2025.