CLARITY Act Odds Sink as Senate Clock Runs Out Before August Recess Deadline

TLDR

• CLARITY Act remains absent from the Senate floor schedule before the August 10 recess begins.
• A Wednesday cloture filing could allow only a Friday procedural vote, not final passage vote.
• Senate leaders could speed the process through unanimous consent or another procedural agreement before recess.
• Prediction market odds for CLARITY Act passage have dropped near 33% before summer Senate recess.
• Bernstein expects SEC and CFTC rulemaking to accelerate if the crypto bill fails in Congress.

The CLARITY Act remains absent from the Senate floor schedule, leaving lawmakers with a shrinking window to advance the crypto market structure bill before the August 10 recess.

CLARITY Act Missing From Senate Floor Schedule

The Senate’s Monday schedule listed action on a spending bill, with no floor time set for the CLARITY Act. The absence raised fresh questions about whether Senate leaders can move the bill before lawmakers leave Washington.

The measure still needs a procedural path before debate can begin. If leadership waits until Wednesday, August 5, to file cloture, the earliest procedural vote could come Friday, August 7.

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