The Digital Asset Market Clarity Act sits on the Senate Legislative Calendar as Calendar No. 423, eligible for a floor vote at any time leadership chooses to schedule one. House Agriculture digital-assets subcommittee chair Dusty Johnson said Thursday the House will move fast on a companion if the Senate clears the bill before the August recess.
The bill was placed on the calendar June 1 after a 15-9 Senate Banking Committee markup on May 14, with all 13 Republicans joined by Democrats Ruben Gallego and Angela Alsobrooks. Both Democrats attached caveats that their committee votes do not commit them to support final passage. Sen. Bill Hagerty (R-Tenn.), one of the bill's lead Republican shepherds, said this week he still hopes Congress can finish the work before the July 4 recess, the White House's stated signing target.
The bill must clear cloture to escape a filibuster, which means 60 votes. Republicans hold roughly 53 seats, leaving the framework about seven votes short even with full Republican unity. Gallego and Alsobrooks are the only Democrats publicly on record from committee, and both flagged their support as contingent.
That gap of seven-plus Democratic votes is now the entire story. Eleanor Terrett, host of Fox Business' Crypto in America, called the July 4 timeline "realistically impossible" on June 14, citing the ethics standoff, House-Senate text reconciliation, and the cloture math. Sen. Cynthia Lummis (R-Wyo.), the Senate's lead crypto policymaker, has said an August-recess vote is more realistic than a pre-July-4 one.
