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U.S. CLARITY Act passage this year in doubt as bipartisan clash intensifies

A bipartisan clash is growing again over the U.S. Senate’s crypto market structure bill known as the CLARITY Act. Senator Cynthia Lummis rejected criticism from Senator Elizabeth Warren that the bill would create anti-money laundering loopholes, saying it includes more than 16 safeguards to block illicit flows. Warren said hostile foreign actors move billions through crypto networks and warned the bill could worsen the problem. Banks and other groups have also raised concerns over exemptions and competition issues.

Crypto

CLARITY Act passage odds fall from 75 percent to 60 percent on Senate schedule, stablecoin issues

The odds of the U.S. Congress passing the CLARITY Act in 2026 have fallen to 60 percent from 75 percent, reflecting a tighter Senate calendar and delays tied to ethics and illicit finance issues. Galaxy Digital lowered its forecast, citing limited time before the August recess and the need for 60 Senate votes. Disputes over stablecoin rewards and unfinished work to merge committee revisions also weigh on progress.

Crypto

Progress on U.S. CLARITY Act but 60 votes in full Senate uncertain

The U.S. Senate Banking Committee approved the CLARITY crypto market structure bill by 15 to 9, with two Democrats joining Republicans. Support in the full Senate remains uncertain as those Democrats set conditions tied to ethics language. U.S. banking groups also urged changes to stablecoin provisions, warning of regulatory loopholes. The bill must be reconciled with another Senate version and needs at least 60 votes in the full chamber.