President Trump’s efforts to move the stalled CLARITY Act forward hit a roadblock after his meeting with Senate Republicans failed to produce a revised bill. With no updated text yet available, the odds of the legislation passing by 2026 have dropped to 32% according to Polymarket traders.
Delay Extends as Senators Grapple with Ethics Provisions
Despite expectations for a swift release after Thursday’s White House meeting, Senate Republicans have not unveiled new language for the CLARITY Act. The delay continues to frustrate proponents who argue the bill would enhance law enforcement’s ability to combat illicit crypto activity by enabling real-time cooperation between exchanges and investigators and accelerating the freezing of illicit funds. Senator Cynthia Lummis reiterated these points, emphasizing the bill’s focus on improving anti-money laundering enforcement.
Republican senators like Bernie Moreno aim for a Senate vote before the August recess but remain hindered by unresolved disagreements. Democratic opposition centers on the bill’s ethics rules and consumer protections, complicating bipartisan consensus. Industry observers now anticipate the updated text will not appear until next week, prolonging uncertainty around a measure frequently discussed in crypto policy circles.
Hearings and Market Reaction
The House Financial Services Committee’s Republican members plan an informational hearing in New York focused on how the CLARITY Act might influence digital asset innovation. The event will not impact Senate deliberations but signals continued legislative interest in crypto regulation.
Meanwhile, Polymarket’s downward revision of passage probability captures growing skepticism about the bill’s prospects amid entrenched party differences.
The material is informational and does not constitute financial advice.
