The crypto industry has been waiting years for Congress to answer one basic question: who’s actually in charge of regulating digital assets? Republicans think they’re close to an answer, and they’re in a hurry.
GOP senators Tim Scott of South Carolina and Cynthia Lummis of Wyoming are pushing hard to bring the Digital Asset Market Clarity Act, known as the CLARITY Act, to a full Senate floor vote before lawmakers leave for August recess, which is expected to close the legislative window around August 10, 2026.
Where the bill stands
The CLARITY Act, formally H.R. 3633, already cleared the House on July 17, 2025, with a 294-134 bipartisan vote.
The Senate Banking Committee then advanced the bill on May 14, 2026, by a 15-9 vote, with two Democrats crossing over to support it.
