CLARITY Act: Senate Vote in 30 Days, 75% Chance of Passing in 2026

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CLARITY Act Update: Senate Floor Vote Expected Within 30 Days as Galaxy Research Puts Odds at 75%

The CLARITY Act is progressing through Congress. After passing the Senate Banking Committee last week by a vote of 15 to 9, a full Senate vote is anticipated within the next month. Experts at Galaxy Research now believe there’s a 75% chance the bill will become law in 2026, based on this recent progress.

According to Alex Thorn, lead researcher at Galaxy Research, the bill is on track to become law around the week of August 3rd, assuming Congress continues at its current speed.

Patrick Witt, a crypto advisor at the White House, explained that passing the CLARITY Act would address about 90% of the crypto industry’s key concerns.

What Still Needs to Happen

Dom Kwok from EasyA explained the four steps a bill must go through to become law, starting with a committee vote and ending with the President’s signature.

First, the two Senate committees – Banking and Agriculture – need to combine their proposals, especially regarding the CFTC’s authority. Then, the unified bill will be debated by the entire Senate, and it will require at least 60 votes to become law.

Next, since the Senate has made substantial changes to the bill originally passed by the House in July 2025, both the House and Senate need to agree on one, unified version before it can move forward. Finally, the President would then sign it to make it law.

Lummis Keeps Expectations Realistic

Senator Cynthia Lummis, a key figure in creating the bill, was cautious after the committee’s vote. She explained, “We’re not celebrating just yet – there’s still a lot of work ahead of us.”

She was straightforward about the timeline, saying she’d like to bring the bill up for a vote in June, but admitted that might be a bit ambitious.

The White House initially hoped to have the bill signed by July 4th, but after considering the remaining steps in the legislative process, analysts at Galaxy Research now estimate August 3rd is a more likely date for the President’s signature.

What the Bill Does

The CLARITY Act creates clear rules for digital assets, explaining what ‘decentralized’ actually means for these technologies. It boosts protections for consumers, fights money laundering, and clarifies which financial regulators – the SEC or CFTC – oversee different digital assets. Importantly, the Act officially categorizes Bitcoin and Ethereum as not being securities.

Senator Lummis stated that the CLARITY Act will give the crypto industry and Wall Street the clear rules they need to develop new financial technologies and systems.

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2026-05-19 15:36