The CLARITY Act disappeared from Monday's Senate calendar, and nobody's saying when it's coming back. The legislation, which governs how digital assets trade and settle, had already won approval in the House and the Senate Banking Committee. Now it needs a full floor vote before August 10, when the chamber shuts down for recess.
Insiders watching the schedule say the omission signals a real delay. Betting markets have shifted accordingly, with the odds of the bill becoming law this year dropping to 27.5%. The Senate is running through other priorities instead, with spending votes eating up floor time.
The timing matters because Congress has maybe two weeks left before the August break. Key senators including Cynthia Lummis and Tim Scott have backed crypto regulation, but their support alone won't move the needle without floor time. Any White House signal or committee announcement could theoretically unlock a slot on the agenda, though no one's holding their breath.
This article is for informational purposes only and does not constitute financial or investment advice.