US Senate · CLARITY Act · SEC · White House · 99Bitcoins
Critics, like Bo Hines, argue it hampers competitiveness and pushes innovation offshore
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Expect ongoing discussions and headline-driven noise through September, and keep an eye on prediction market platforms such as Kalshi, which have historically offered good insight into the next moves throughout the CLARITY Act drama.
Key facts
- The House of Representatives passed H.R. 3633 in July 2025 by a 294-134 vote
- This delay has caused a modest drop across the crypto markets, with the total market cap down -0.6% overnight, sitting at $2.27 trillion
- Republicans hold 53 Senate seats, while leadership needs 60 votes to invoke cloture and overcome a filibuster
- The legislation, H.R. 3633, would establish a federal market structure for digital assets and divide oversight responsibilities between the SEC and the CFTC
Summary
CLARITY Act Delayed Until September as No Deal Reached Before August Recess. Next Steps for Market Structure Legislation and What Does the Delay Mean for Crypto? The US Senate has postponed its planned floor vote on the CLARITY Act until September, pushing the digital asset market structure proposal beyond the August recess. Senate Majority Leader John Thune confirmed the delay after Democratic lawmakers withheld procedural support, moving consideration of the crypto legislation further down the calendar. The legislation, H.R. 3633, would establish a federal market structure for digital assets and divide oversight responsibilities between the SEC and the CFTC.