SEC's Peirce Says Senate Could Pass Crypto Clarity Act as Soon as Next Week

SEC Commissioner Hester Peirce said the U.S. Senate could pass the Crypto Clarity Act within the next week, according to a socialmedia post. The bill has already cleared the House and advanced through the Senate Banking Committee, but it still needs approval from the full Senate. The legislation faces procedural hurdles, including the 60vote threshold needed to move forward in the Senate, and additional steps before it can be enacted. Market participants took Peirce's comments as a positive signal for nearterm momentum, though the timeline remains speculative absent confirmation from senior Senate leadership. The Crypto Clarity Act would set clearer lines between the SEC and the Commodity Futures Trading Commission (CFTC) on oversight of digital assets. Peirce has previously said the measure would place significant rulemaking requirements on the SEC. The bill's progress has also been slowed by unresolved disputes, including ethics provisions and rules around stablecoin yields. Predictionmarket pricing tied to the Act being signed into law in 2026 has moved sharply. A "YES" outcome is currently priced at 16.5%, down from 26% about 24 hours earlier, signaling lingering skepticism about whether the legislation ultimately clears Congress and becomes law. What to watch: traders and policy observers are looking for any official confirmation from Senate leaders, including Majority Leader Chuck Schumer, on whether a floor vote is being scheduled. Comments from the White House or President Trump would also be closely watched, as executive backing would be pivotal to final enactment. Shifts in the Senate timetable could quickly feed back into market pricing.