The US Senate has temporarily delayed consideration of the CLARITY Act as lawmakers prioritize Russia sanctions, federal appointments, and other legislative business. Recent developments make it unlikely that the cryptocurrency market will receive a Senate vote next week. As a result, there are only a few legislative days left before Congress begins its summer recess on August 8.
According to reporter Eleanor Terrett, Senate leadership discussed keeping lawmakers in Washington beyond their planned recess if they have enough votes to push the bill forward. However, he said that the talks are not going well. This is because some senators are also pushing for votes on the SAVE America Act and the Russia-Iran sanctions package.
Senate Calendar Creates New Barrier
The delay is procedural and not procedural. Senate Majority Leader John Thune has given priority to Russia sanctions legislation. Under Senate rules, only one competing bill usually passes the chamber at a time.
Time on the floor has also been reduced by Senate business, including commemorative events. As a result, more and more efforts are being made to include the CLARITY Act in the process before lawmakers leave Washington.
Meanwhile, the SEC Chair Paul Atkins he said he still expects Congress to pass the CLARITY Act, calling the legislation the best way to give crypto companies long-term certainty. He said the SEC is ready to draft regulations to possibly implement the bill if it becomes law. Alternatively, the SEC may deal with similar crypto market issues if Congress fails to act.
However, Atkins stressed that a clear law from Congress would provide a much stronger foundation. This could help “future proof” crypto in the US
Trump May Call Senators Again
Legal expert MetaLawMan reported that President Trump has the executive power under Article II, Section 3 to convene the Senate during the August recess, allowing lawmakers to vote on bills like the CLARITY Act. While they cannot force senators to approve the legislation, they can ask the Senate to reconvene.
Meanwhile, a final Senate vote on the CLARITY Act looks unlikely next week. Even if it clears the Senate, the bill must pass the House again before reaching President Trump’s desk. If that doesn’t happen, consideration of the bill could be shelved until Congress reconvenes in September.
What Latency Means for Crypto
The delay solidifies the timing of one of the most anticipated bills in the crypto market. If the Senate cannot advance the legislation before the August deadline, the measure could face further delays later this year. That’s because Congress will shift its focus to election-related priorities and a busy legislative calendar.
Currently, companies are expected to rely on the implementation of the GENIUS regulation on stablecoins. In addition, the crypto market will have more oversight from the SEC and CFTC, pending more market regulation.
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