[DigitalToday reporter Yoonseo Lee] Uncertainty is growing over whether the U.S. Senate can pass the Clarity Act, a crypto market structure bill, before it goes into its August recess.
Cointelegraph, a blockchain outlet, reported on Aug. 5 local time that Senator Cynthia Lummis (신시아 루미스) said she expects a vote on the Clarity Act before the Senate begins its month-long August recess.
Time is the issue. The Senate is set to recess in a few days, but as of that day the Democratic schedule did not include a vote on the Clarity Act. Senate Majority Leader John Thune (존 튠), who has the power to bring the bill to the floor, is reported to be planning to push for a vote schedule before Saturday, but it is unclear whether it will lead to an actual vote.
In a post on X, formerly Twitter, Lummis said, "It's just time to get people on the record." It is being read as meaning that, beyond whether the bill passes, how senators position themselves on the Clarity Act has entered a politically important phase.
The Clarity Act passed the House of Representatives in July 2025 by 294 votes to 134 and is under review in the Senate. Passage in the Senate would require 60 votes because a cloture motion is needed to end a filibuster. Disagreements over the bill's contents persist, making the vote count difficult.
Democrats are demanding stronger ethics provisions linked to U.S. President Donald Trump (도널드 트럼프). Trump became subject to additional scrutiny after disclosing that he made more than $1.4 billion from digital asset-related investments in 2025. This provision is deepening conflict in the Senate along with other issues in the bill, including stablecoins and tokenized stocks.
There is also opposition within the Republican Party. Politico recently reported that Senator Josh Hawley (조시 홀리) will not vote for the bill until banking industry concerns are addressed. The Senate and banking groups reached a compromise over stablecoin interest income, but some industry figures continue to demand that crypto firms face licensing and regulation similar to banks.
If the Senate cannot reach a conclusion this week, consideration of the bill will move to after mid-September. The Senate will recess from after Friday until mid-September, raising the likelihood that the Clarity Act will be pushed to just before the 2026 midterm election phase.
The longer action on the bill is delayed, the greater the political burden is likely to become. The Clarity Act is seen as legislation that comprehensively addresses oversight of the crypto market, but a vote itself will be difficult if disagreements over ethics rules and the level of regulation for the financial sector are not resolved. Whether Senate leaders will actually schedule a vote, and whether 60 votes can be secured, are the key variables that remain.
I believe we will get a vote on the Clarity Act before August recess and get people on the record after 11 months of negotiating with Democrats and adding 300+ pages to the bill at their request. It's just time to get people on the record. pic.twitter.com/x0bR2PVHW6