The clock is ticking on one of the most consequential pieces of crypto legislation in US history. The CLARITY Act, formally H.R. 3633, has a narrow window to clear the Senate before lawmakers pack up for August recess, and Schwab Network analyst Adam Lynch says the bill still has a viable path forward, despite the calendar pressure.
The House passed it on July 17, 2025, by a vote of 294-134, a margin that included over 70 Democratic votes.
Where things stand
The Senate Banking Committee advanced the bill on May 14, 2026, with a 15-9 vote, and it landed on the full Senate’s legislative calendar on June 1, 2026. With approximately 31 Senate session days remaining before the August recess begins around August 10, the bill needs a floor vote and, depending on how that goes, potentially a reconciliation process with the House version.
The 60-vote filibuster threshold is the other key obstacle. The Senate Banking Committee passed it with 15 votes. Clearing a filibuster requires 60 votes from the full chamber.
