The window for the US Congress to pass a comprehensive market structure bill on cryptocurrencies is closing, with the Senate set to go on recess in a matter of days, and lawmakers still have not announced clear plans to vote on the legislation.<\/p>\n
In a Wednesday X post, Senator Cynthia Lummis said<\/a> she anticipated that the Senate would vote on the Digital Asset Market Clarity (CLARITY) Act before the chamber breaks for its month-long August recess. The Wyoming lawmaker has been one of the biggest proponents for the crypto bill, which has split many members of Congress and industry leaders over different provisions on ethics, stablecoins and tokenized equities.\u00a0<\/p>\n \u201cIt\u2019s just time to get people on the record,\u201d said Lummis.<\/p>\n The CLARITY Act, which has been under consideration in the Senate since its passage in the House of Representatives in July 2025 with a 294-to-134 vote, still faces opposition from many Democrats<\/a> looking for stronger ethics provisions affecting US President Donald Trump\u2019s investments.\u00a0The president has been under additional scrutiny since he disclosed he earned more than $1.4 billion from investments tied to digital assets in 2025.<\/p>\n Related: <\/strong><\/em>CLARITY Act failure could send crypto valuations lower: Bernstein<\/strong><\/em><\/a><\/p>\n As of Wednesday, Senate Democrats\u2019 calendar showed<\/a> no vote scheduled for CLARITY, giving the chamber only a few business days to resolve the matter. However, Senate Majority Leader John Thune, the Republican lawmaker who would have the authority to schedule a vote, is reportedly still planning<\/a> to do so before Saturday. The bill would need 60 votes in the Senate to invoke cloture and end a filibuster, allowing it to advance in Congress.<\/p>\n The bill also faces opposition from at least one Republican lawmaker, according to a recent Politico report. Senator Josh Hawley will reportedly withhold<\/a> voting in favor of the bill until it addresses concerns from banks. Although lawmakers did reach a compromise on the bill<\/a> with banking groups over stablecoin yield, some industry leaders have continued to push for provisions<\/a> requiring crypto companies to have comparable licensing and restrictions as banks.\u00a0<\/p>\n After Friday, the Senate will be on recess until mid-September, pushing consideration of the crypto bill into the lead-up to the 2026 midterm elections.<\/p>\n Magazine: <\/strong><\/em>Here\u2019s why the CLARITY Act\u2019s ethics deal may be so hard to reach<\/strong><\/em><\/a><\/p>\n Related:<\/strong> Bitcoin price<\/a> \u00b7 BTC live chart<\/a> \u00b7 Ethereum price<\/a> \u00b7 ETH gas fee<\/a> \u00b7 Bitcoin price today<\/a> \u00b7 Top 10 cryptocurrencies<\/a><\/p>\n60-vote hurdle needed to pass CLARITY<\/h2>\n