The US Senate is staring down a five-day window to advance the Digital Asset Market Clarity Act before lawmakers scatter for summer recess. The bill, which would finally draw clear jurisdictional lines between the SEC and CFTC on crypto oversight, has been bouncing around Congress for over a year now.
Where things stand
The House passed the CLARITY Act (H.R. 3633) on July 17, 2025, with a bipartisan vote of 294-134.
The Senate Banking Committee then advanced the bill with a 15-9 vote on May 14, 2026. An updated merged text dropped on July 22, 2026, clocking in at 616 pages. The revised version incorporates provisions related to ethics requirements and asset classification frameworks.
Congressional prediction markets currently estimate only a 30-38% chance of the Act passing before year-end.
