CLARITY Act Senate Floor Vote Seen Within 30 Days; Galaxy Research Puts 2026 Passage Odds at 75%

Momentum is building for the CLARITY Act after it cleared the Senate Banking Committee last week by a 15"9 vote. Gemini now expects the full Senate to take up a floor vote within the next 30 days. Following the committee advance, Galaxy Research raised its estimate for the bill becoming law in 2026 to 75%. If lawmakers keep moving at the current pace, Galaxy Research head of research Alex Thorn said the legislation could reach the President's desk for signature during the week of August 3. White House crypto adviser Patrick Witt said passage would deliver roughly 90% of what the crypto industry needs. What still needs to happen Dom Kwok of EasyA outlined four steps between the committee vote and enactment: 1) The Senate Banking Committee text must be merged with the Senate Agriculture Committee's framework, which addresses CFTC jurisdiction. 2) The consolidated bill must pass the full Senate, requiring 60 votes. 3) Because the Senate version has been significantly amended and expanded from the bill the House passed in July 2025, the two chambers must reconcile differences and then approve an identical final text. 4) The President signs the bill into law. Lummis tempers expectations Sen. Cynthia Lummis, a key architect of the measure, struck a cautious note after the committee vote. "Nobody is popping the champagne quite yet," she said, adding that there remains substantial work ahead. On timing, she said she would like to see a floor vote in June, but called that timeline "pretty optimistic." The White House has been aiming for a July 4 signing. With reconciliation still required, Galaxy Research now views the week of August 3 as the more realistic target. What the bill does The CLARITY Act would set a comprehensive regulatory framework for digital assets, define decentralisation at the protocol level, bolster consumer protections, and address antimoney laundering requirements. It also delineates SEC and CFTC authority over digital assets and would permanently classify Bitcoin and Ethereum as nonsecurities. "The CLARITY Act provides the necessary regulatory clarity for the crypto industry and Wall Street to build the next generation of financial products and architecture," Lummis said. Tags: Clarity Act, News Updates, Crypto news