CLARITY Act’s Last Chance

The US Senate has just 18 legislative days left to pass the CLARITY Act before the August recess. However, an updated version of the bill has yet to be released, and no date has been set for a vote.

Stand With Crypto, an organization backed by Coinbase, is urging senators to remain in Washington until the work is complete. The group points to growing pressure from its 2.9 million supporters.

Negotiators must agree on the disputed provisions, publish a revised draft and find enough time to move the bill through the Senate. If they fail to meet the deadline, the issue may not return to the agenda until September. For cryptocurrency companies, this would mean several more weeks of uncertainty over federal market rules.

Senator Cynthia Lummis has warned that Congress may not have another equally good opportunity to adopt comprehensive digital asset legislation before 2030. In her view, future efforts could be complicated by elections and the congressional calendar.

Pressure is also mounting amid reports that Russia is preparing to introduce its own cryptocurrency market regulations. Stand With Crypto argues that the United States cannot afford to wait any longer. Supporters of the CLARITY Act fear that further delays could weaken US influence over global regulatory standards.

Kristin Smith, president of the Solana Policy Institute and former CEO of the Blockchain Association, confirmed that negotiations are ongoing. Since the House of Representatives passed the bill on July 17, 2025, its provisions on illicit financing, consumer protection and oversight of spot exchanges have been strengthened.

The main point of contention remains the ethics rules covering the president and members of Congress. The White House joined the discussions last week. Smith believes that reaching an agreement on this issue would break the deadlock and clear the way for the bill to be signed into law.