The House Financial Services Committee has scheduled a July field hearing dedicated to the CLARITY Act, the digital-asset market-structure bill, hours before Senator Cynthia Lummis renewed her push for a Senate floor vote before the August recess. The two moves narrow the legislative calendar to a handful of weeks.
Chairman French Hill released the committee's July schedule on Monday, listing a Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee field hearing in New York titled "Building the Future of Finance: How the CLARITY Act Unlocks Innovation" for Friday, July 17. The committee also set a full-committee hearing on the Federal Reserve's semi-annual monetary policy report for Tuesday, July 14, the first such appearance under new Fed Chair Kevin Warsh. The Digital Asset Market Clarity Act, known as H.R. 3633, passed the House 294-134 in July 2025 and now sits on the Senate Legislative Calendar as No. 423.
Lummis, the Senate's lead crypto policymaker, has said an August-recess vote is more realistic than a pre-July-4 one. She has repeatedly framed the current Congress as the bill's last viable window, posting on X that "this is our last chance to pass the Clarity Act until at least 2030." Senator Bill Hagerty, one of the bill's lead Republican shepherds, told Fox Business on June 18 that he still hopes the Senate can finish before the July 4 recess, calling it "more a matter of focus after the 4th of July recess period."
