CLARITY Bill Fails to Make Senate Agenda; Likelihood of Passage This Year Drops to 16%

Chainthink

Release Time: 08/05/2026 16:02:52

Summary

CFT concerns delayed the CLARITY Act from being added to the Senate agenda on August 5, 2026, as Majority Leader John Thune prioritized debate on other bills. Although it passed the Senate Banking Committee, partisan disputes over enforcement powers—particularly regarding a clause prohibiting federal officials from issuing digital assets—have stalled its progress. Predict.fun now gives the bill only a 16% chance of passing this year, dampening sentiment toward risk-on assets as regulatory uncertainty persists.

ChainThink reports that on August 5, according to crypto journalist Eleanor Terrett, U.S. Senate Majority Leader John Thune today filed a motion to proceed on other bills, and the Crypto Market Structure Act (also known as the CLARITY Act) was not included.

Moving a discharge petition is a key procedural step for the Senate to advance legislation. With the U.S. Senate set to enter its August recess, the legislative window for the CLARITY Act is narrowing.

The bill previously passed the Senate Banking Committee, but Democrats and Republicans remain deadlocked over enforcement authority regarding ethical provisions that prohibit federal officials from issuing digital assets.

Maryland Senator Alsobrooks said she would not support the bill if enforcement authority were limited to the Department of Justice rather than retained by the states.

Predictive market Predict.fun shows that the probability of the CLARITY bill being signed into law by 2026 has dropped to 16%.

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.