Calls for U.S. cryptocurrency regulation are growing more urgent. According to reports, Eleanor Trickett, multiple sources who have reviewed the document say the Senate Banking Committee is preparing to review the CLARITY Act as early as tomorrow; the draft legislative text has been distributed to select industry members, and a vote may take place as soon as Thursday.
The wording of the bill is still being finalized and is expected to undergo further revisions based on the priorities of Democratic offices. According to a source, the overall sentiment after reviewing the bill was positive, but some bracketed provisions have raised concerns that previously assumed settled terms may still be subject to change.
The attack on July 4 was real.
White House Digital Assets Advisor Patrick Witt confirmed this week at the Miami Consensus Summit that the government aims to push the House of Representatives to pass the CLARITY Act before July 4th. Time is extremely tight.
The Senate has only four weeks of floor time in June, meaning the bill must quickly clear the Senate Banking Committee to have any chance of reaching a full vote before the summer deadline. “We are in very dangerous territory right now,” Senate Banking Committee Chairman Tim Scott said this week.
The public wants it to do so
HarrisX’s latest poll further underscores the political significance of the bill. A survey of 2,008 registered voters showed that, after receiving an objective explanation of the bill, 52% of respondents supported the CLARITY Act, while only 11% opposed it. Support for the bill transcends party lines, with Democrats, Republicans, and independent voters all expressing backing.
The data also shows that 70% of voters believe the United States should have passed legislation related to cryptocurrency long ago. 60% of voters prefer establishing clear federal regulations over regulation through litigation and enforcement actions.
Senator Cynthia Lummis directly responded to the poll results, saying: “The American people have made it clear: the United States should lead the way in digital assets. Let’s finish the Clarity project now.”
The American people have made it clear: the United States should lead the way in digital assets. Let’s secure a financial future for generations to come. Let’s implement the Clarity Plan immediately. https://t.co/LDbbYvvqfc
— Senator Cynthia Lummis (@SenLummis)May 7, 2026
National security has become a key argument.
One of the biggest drivers behind the rising support appears to be national security considerations.
The survey found that most voters believe that digital payment systems controlled outside the United States could undermine U.S. financial influence and national security. Nearly half of respondents also indicated that offshore cryptocurrency activities outside U.S. regulation are becoming an increasing concern.
The findings show that voters increasingly want the United States to lead global digital finance rather than allow foreign jurisdictions to shape the industry.
What happens next?
Additionally, the prediction market Polymarket currently estimates a 67% probability that the CLARITY Act will pass by 2026. The focus has now shifted to the upcoming Senate Banking Committee hearing, which could be the next crucial step toward establishing clear cryptocurrency regulations in the United States.