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Clarity Act Clears Senate Committee 15–9 but Faces Procedural Hurdles With Only 20 Session Days Remaining

GateNews
Regulation & Policy
According to Jefferies, the Clarity Act cleared the Senate Banking Committee in a bipartisan 15–9 vote but faces significant procedural and political obstacles in Congress. Lawmakers are working within a compressed legislative calendar with roughly 20 session days remaining before the August recess, as they attempt to reconcile differing House and Senate versions and resolve outstanding policy disputes, including ethics provisions and illicit finance rules. A Tuesday report by Jefferies highlighted declining probability estimates tracked by prediction markets, signaling shifted market expectations around the bill's passage. The legislation would establish clearer jurisdictional boundaries between the Securities and Exchange Commission and the Commodity Futures Trading Commission, determining how major digital assets are regulated across the United States.
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