House OKs CLARITY Act, Senate Now Holds the Next Move on Crypto Rules

House Majority Whip Tom Emmer said the House has wrapped up its work on crypto market-structure policy, pointing to passage of the Digital Asset Market Clarity Act, or the CLARITY Act. Emmer said the next step sits with the Senate, which must take up the bill. The CLARITY Act would split regulatory oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission. It has cleared the House and now awaits Senate action, underscoring a Senate-side logjam as markets continue to wait for comprehensive federal crypto regulation. Traders appear to be reading Emmer's remarks as a sign of momentum. Market pricing points to a modest pickup in optimism about the bill's chances, consistent with rising support for a "YES" outcome. Key takeaways - Emmer's comments frame the House as finished with the CLARITY Act, putting the spotlight on the Senate. - Pricing signals a moderate increase in confidence the legislation advances, with "YES" support moving higher. - The main bottleneck is now in the Senate, where the bill remains unscheduled. What to watch The Senate's next steps will shape the CLARITY Act's path. Investors will be watching for signals from Senate leaders, including Tim Scott and Chuck Schumer, on whether a floor vote is put on the calendar. Any comments from President Trump or senior advisers such as David Sacks could also sway sentiment, as clearer executive backing would align with a "YES" outcome. Senate Banking Committee activity on September 15 is another key marker for potential progress. Get live prediction-market analysis, powered by Vera. Sign up for Vera.