CLARITY Act 60-Vote Hurdle Puts Crypto Rules in Focus Days After White House Meeting

The CLARITY Act cleared a Senate Banking Committee vote and now sits on the chamber’s legislative calendar after a cloture motion was filed on August 8, according to congressional records. That procedural motion is the next real test as the bill needs 60 votes just to proceed to floor debate, a bar it has not yet cleared.

The bill, formally H.R. 3633 or the Digital Asset Market Clarity Act, passed the House 294-134 in July 2025 with meaningful Democratic support. It would split oversight of digital assets between the SEC and CFTC, a jurisdictional question that has shaped enforcement uncertainty across the industry for years.

President Donald Trump hosted crypto executives at the White House on August 19, calling on Congress to pass what he termed a “fair version” of the CLARITY Act. Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev, and Kraken co-CEO Arjun Sethi were among the attendees, alongside CFTC Chair Michael Selig and SEC Chair Paul Atkins.

That optics push doesn’t change the math on the Senate floor. Democrats and some Republicans have withheld support over conflict-of-interest language tied to Trump’s own crypto holdings. Reuters reported he has earned more than $1.4 billion from family crypto ventures since taking office. Not just that, a Reuters/Ipsos poll this week found a majority of Americans believe those holdings have inappropriately shaped policy.

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