Digital Asset Market Clarity Act Unlikely to Pass Before Senate Summer Recess, Thune Says

TLDR

• Senate Majority Leader John Thune says the Clarity Act will likely miss its August 7 deadline
• The bill may still get started on the Senate floor before summer recess begins
• Democrats and Republicans are clashing over ethics provisions related to Trump’s crypto activities
• Senator Ruben Gallego called the GOP ethics draft “not a serious effort”
• Missing the August window sharply reduces the bill’s chances of passing in 2026

The U.S. Senate’s crypto market structure bill is running out of time. Senate Majority Leader John Thune said Thursday that the Digital Asset Market Clarity Act will likely miss its August 7 target deadline — the window the industry had pinned its hopes on for a 2026 passage.

⚖️UPDATE: The CLARITY Act is heading toward a Senate vote, even without Democratic support.

Senate Majority Leader John Thune plans to bring the crypto bill to the floor as soon as next week, even if no deal is reached with Democrats, per Bloomberg.

The Senate now has just 12… https://t.co/smqbz9EhuQ

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