The Senate Just Shelved the CLARITY Act, And JPMorgan Says Crypto’s Tokenization Boom Could Slip Away to Wall Street

Bitcoin traded near $64,600 as the U.S. Senate shelved the CLARITY Act ahead of its August recess, leaving the market-structure bill without a floor vote.

JPMorgan had described the legislation as a significant potential catalyst, while its latest analysis said declining odds of passage this year were a headwind for the broader crypto market.

Attention now turns to whether senators can build enough bipartisan support to clear procedural hurdles.

The delay also leaves institutional allocators weighing whether continued U.S. regulatory uncertainty will keep capital sidelined or alter where digital-asset activity develops.

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Senate Floor Math and Banking Friction Slow Momentum

The Senate faces a 60-vote threshold to advance the bill and limit floor debate. Unresolved stablecoin-yield provisions and other legislative hurdles remain central obstacles to moving the legislation forward.

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