Senate staff are reconciling CLARITY Act versions ahead of a possible floor vote before the Aug. 7 recess. The bill is expected to require bipartisan support, with about 60 Senate votes neede
The CLARITY Act missed the July 4 signing target that White House crypto adviser Patrick Witt discussed earlier this year, shifting attention to Aug. 7, the Senate’s final session before the summer recess. Senate staff continue reconciling committee versions while lawmakers seek enough support for a floor vote before the midterm campaign dominates the congressional calendar.
The House already passed the CLARITY Act, while the Senate Banking Committee approved its version earlier this year. The measure now awaits a Senate floor vote after staff finish combining the Banking and Agriculture Committee texts into one proposal.
According to recent crypto.news reporting, Senator Bill Hagerty outlined a Senate roadmap that revived expectations for final text before lawmakers return from recess. Meanwhile, Bloomberg Intelligence estimated the bill has about a 60% chance of passing this month.
Senator Cynthia Lummis also urged lawmakers to keep the process moving. She said the legislation would "lay the foundation for the financial services of the 21st century" and called on Congress to complete its work.
However, Senate leaders still need enough votes to advance the bill. According to crypto.news, the measure will likely require 60 votes, making bipartisan support necessary before the legislation can move forward.
TD Cowen also said the timeline remains uncertain before the November midterm election. The firm pointed to ethics provisions, anti-money laundering issues, and political negotiations as factors that could delay Senate action.
Meanwhile, the bill would divide digital asset oversight between the SEC and the CFTC. It also includes exchange safeguards, customer fund protections, and funding for crypto fraud investigations.
Attention has also remained on Section 604, which addresses some non-custodial developers and software providers. Supporters argue the language protects developers who never control customer funds, while critics continue examining its scope.
Notably, the Major County Sheriffs of America withdrew its objection to the decentralized finance section and adopted a neutral position. The group still requested additional input from state and local law enforcement agencies.
The National Organization of Black Law Enforcement Executives also endorsed the legislation. The organization said several provisions would support law enforcement while preserving existing criminal enforcement authority. Senate scheduling now remains the next major step before Aug. 7.
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