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 ·
Senator Cynthia Lummis of Wyoming has called for a Senate vote on the Digital Asset Market Clarity Act before lawmakers begin their August recess, according to reporting on the legislative push. Prediction markets currently estimate the bill's passage odds at below 30%, a decline from earlier expectations. The timing pressure is acute: Congress has only days remaining before a month-long break that could delay cryptocurrency regulation into the 2026 election cycle or beyond.
The bill passed the House in July 2025 with a vote of 294 to 134 but faces headwinds in the Senate. Senate Majority Leader John Thune has signaled intent to schedule a vote before the recess begins on Saturday, though no vote appears on the current Democratic calendar. The legislation requires 60 votes to overcome a filibuster—a high bar in a divided chamber—and draws opposition from Democratic lawmakers seeking stricter ethics provisions and from at least one Republican senator concerned about banking-sector protections.
The central question remains whether leadership can orchestrate a vote in the narrow window available. A failed vote or delay would extend the legislative uncertainty around token classification and market structure rules well into the midterm election period, leaving the crypto industry without the comprehensive regulatory framework the bill would establish.