Senate to hold procedural vote on crypto CLARITY Act

The U.S. Senate is poised for a critical procedural vote on a landmark digital asset regulatory bill, with Majority Leader John Thune signaling his intention to force a decision before lawmakers depart for their August recess. The vote, which could occur as soon as August 4, would determine whether the Senate opens floor debate on the Digital Asset Market Clarity Act, commonly called the CLARITY Act.

The legislation, which passed the House of Representatives in July 2025, aims to establish a comprehensive federal framework for cryptocurrency markets. Its core function is to clarify the regulatory divide between the Securities and Exchange Commission and the Commodity Futures Trading Commission. The bill would grant the CFTC primary oversight of digital commodity spot markets, while the SEC would retain authority over investment contracts and tokenized securities. Supporters argue this statutory clarity is urgently needed to provide a predictable legal environment for U.S. firms and to counter the migration of developers and market activity offshore.

Despite bipartisan support in committee, the bill’s path on the Senate floor is uncertain. Under Senate rules, advancing the bill...