The Clarity Act has stalled in the Senate after Majority Leader John Thune filed cloture on other measures, but not the crypto bill. According to the U.S. Senate Daily Press, Thune filed cloture on the Protect College Sports Act of 2026 and a substitute amendment to the continuing-resolution vehicle. However, the omission of the Clarity Act from the cloture filings reduces the time available to begin debate before senators leave for the August recess. Crypto journalist Eleanor Terrett noted that Thune's decision signals a lack of bipartisan agreement on the Clarity Act.
Bill Status
The bill's delay does not formally kill it, but it may face a months-long delay and greater procedural difficulties later in 2026, according to Bitwise Chief Investment Officer Matt Hougan. Hougan warned that missing the pre-recess window could leave the bill in a "walking dead" phase.
Regulatory Impact
The Clarity Act aims to define the roles of the SEC and Commodity Futures Trading Commission in overseeing US digital asset markets. Without congressional action, regulators will continue working under existing securities and commodities laws while the jurisdictional divide remains unsettled. SEC Commissioner Hester Peirce expressed confidence that work on digital asset rules would continue, providing clearer jurisdictional boundaries for investors, companies, and regulators.
