The U.S. Senate is approaching a deadline to handle the Clarity Act, which comprehensively organizes the structure of the cryptocurrency market.

On July 13 local time, blockchain outlet Bitcoin Magazine reported that the Senate faces a schedule requiring it to complete introduction, debate and a vote on the bill before the August recess.

The core of the Clarity Act is to clearly divide jurisdiction between the Securities and Exchange Commission and the Commodity Futures Trading Commission. The CFTC would have exclusive jurisdiction over spot markets for digital commodities, while the SEC would oversee assets that have the nature of investment contracts.

U.S. President Donald Trump has also moved to pressure the Senate directly. In a post on Truth Social, Trump said, "The Senate should pass the Clarity Act, even in honor of Senator Lindsey Graham." He added that China and other countries are trying to seize leadership in this major financial phenomenon and artificial intelligence.

Patrick Witt, a White House cryptocurrency adviser, also joined the pressure. He said this week coincides with the first anniversary of the Genius Act and that "there is no more room for delay." Among Washington policymakers, a view is spreading that this session is the last realistic opportunity to pass a digital asset market structure bill.

The legislative process has advanced significantly, but passage on the Senate floor remains uncertain. The Clarity Act passed the House in July 2025 with a bipartisan vote of 294 to 134, and the Senate Banking Committee forwarded the bill in May this year by 15 to 9. At the time, 2 Democrats voted in favor along with all Republicans. Even during the committee-stage vote, warnings emerged that support on the full floor was not guaranteed.

This week, revised bill text combining the Senate Banking Committee version and the Agriculture Committee version is expected to be released. It could be the first turning point showing which provisions survived negotiations and what remains unresolved.

One of the remaining issues is the Blockchain Regulatory Certainty Act included in Section 604 of the bill. The provision protects non-custodial software developers from being treated as money transmitters. Law enforcement agencies object, saying the current wording could make it harder to investigate on-chain crime. That is why there is speculation that additional Democratic support could depend on whether this provision is revised.

A bigger flashpoint is ethics rules. Negotiators have not yet reached agreement with the White House on conflict-of-interest safeguards tied to Trump’s cryptocurrency business. The debate has grown after public materials said Trump earned more than $1 billion from cryptocurrency-related businesses last year. House lawmakers are reflecting these concerns while also pressuring the Senate to move quickly on the bill.

Views in markets and the industry are mixed. A coalition of more than 200 companies urged leadership to bring the bill to the floor. They argued the bill would create a clear federal-level framework for digital assets and help keep innovation in the United States.

By contrast, Galaxy Digital lowered the odds of passage to 50-50. It cited a tight schedule, overlap with other priorities such as the National Defense Authorization Act, and ethics provisions and developer protections that are still not settled.

Still, the market is not viewing the possibility of a Senate floor vote as entirely low. Kristin Smith (크리스틴 스미스), head of the Solana Policy Institute, said momentum is building behind the Clarity Act and a floor vote before the recess is entirely possible. CFTC leadership also assessed that the timing of passage is very close.

The key points to watch ahead are clear. Whether Senate leadership confirms a July voting schedule, and how much the revised bill settles the ethics and developer protection provisions, are expected to determine the bill’s fate. If the next 4 weeks pass, it could be difficult for the Clarity Act to move again at the same pace in the 119th Congress.

JUST IN: President Trump says "The U.S. Senate should pass the Clarity Act." pic.twitter.com/9Y7VxKZ3ck