The Senate’s crypto market structure bill is moving into what may be its last viable window for 2026, with advocates expecting a new draft of the Clarity Act as soon as next week.

The updated text would merge work from the Senate Banking and Agriculture committees, bringing together the two tracks that have shaped the chamber’s approach to digital asset regulation. The bill is expected to reflect additional negotiations and place more emphasis on consumer protections, according to a CoinDesk report.

The timing is tight. Senate backers are aiming for possible floor action as soon as the week of July 20, but the chamber has only a few weeks left before the summer break and before attention shifts toward the fall midterm cycle. The process itself could take several days, leaving little margin for delay.

The Clarity Act is meant to create a federal framework for digital asset markets, including how authority is divided between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

The House passed its version in 2025 with bipartisan support, but the Senate version has been harder to land.