The U.S. Senate is reportedly preparing to vote on the Crypto Clarity Act, the bill that would carve up oversight of digital assets between the SEC and the CFTC. But the vote itself remains u
The U.S. Senate is reportedly preparing to vote on the Crypto Clarity Act, the bill that would carve up oversight of digital assets between the SEC and the CFTC. But the vote itself remains unconfirmed, and the only official text on record is the version the House already passed.
Here is what is solid. The House of Representatives passed the Digital Asset Market Clarity Act of 2025, also known as the CLARITY Act, formally logged as H.R. 3633, on July 17, 2025, according to the attestation in the engrossed House text. For related coverage, see Senate Republicans Unveil CLARITY Act Text Before Sept. 15 Vote.
Here is what is not. No official Senate schedule confirms an upcoming floor vote, its date, or whether it would be a procedural step or final passage. According to unconfirmed reports, a Senate vote is imminent, but that claim could not be verified against any readable official source.
The distinction matters. Coverage of the timeline has framed the moment around a possible Tuesday Senate vote, and separate reporting has pointed to a September 15 vote tied to newly unveiled Senate Republican text. Treat any specific date as unconfirmed until an official schedule says otherwise.
The bill’s core job is drawing a jurisdictional line between two agencies: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The House-passed text spells out how.
Section 401(d) of the House text would hand the CFTC exclusive jurisdiction, subject to stated limits, over digital-commodity and specified tradable-asset cash or spot transactions run through entities registered or required to register with it, per the engrossed bill. That is the commodities lane.
The SEC does not disappear. Section 302 would apply the agency’s anti-fraud and anti-manipulation protections to specified digital-commodity and permitted-payment-stablecoin transactions handled through securities brokers, dealers, national securities exchanges, or alternative trading systems.
Overlap gets its own rulebook. Section 105(a)-(b) would require the SEC and CFTC to write joint rules defining blockchain and digital-commodity terms and governing mixed digital asset transactions, so the two regulators are not working from separate dictionaries.
DeFi is addressed too. Section 309 lists exclusions for specified decentralized-finance activities, but it expressly preserves the SEC’s anti-fraud and anti-manipulation authority. That carve-out with a catch is a key detail in the Senate Republicans’ revised approach to DeFi and prediction markets. These are proposed provisions in a historical House version, not enacted law.
Coin Center has publicly backed the bill. In a letter dated May 13, 2026, Executive Director Peter Van Valkenburgh wrote, “On behalf of Coin Center, I write to express our support for the Digital Asset Market Clarity Act,” welcoming developer and non-custodial infrastructure protections in the draft under consideration at that time.
“On behalf of Coin Center, I write to express our support for the Digital Asset Market Clarity Act.” Peter Van Valkenburgh, Coin Center Executive Director, May 13, 2026 letter
One caveat: that letter concerned a later Senate draft, not the July 2025 House text and not any verified September floor vote. It is one advocacy group’s position, not a measure of broad sentiment.
A Senate vote, if it happens, is not the finish line. Passing the Senate would be a step, not enactment, and the chamber’s text would still need to be reconciled with the House version before anything reaches the president’s desk.
The signals worth tracking are procedural: an official Senate floor schedule, the actual text the chamber takes up, and whether any vote is a motion to proceed, a cloture vote, or final passage. Reports of a weekend caucus ahead of the vote hint at last-minute maneuvering, but the count is what decides it.
So the question stands: will the Senate actually move, or does the CLARITY Act stall between two chambers that still have not agreed on the same words?
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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