CLARITY Act New Update: Bill Officially Placed on Senate Calendar as Galaxy Bets $10M on 2026 Passage

The Digital Asset Market Clarity Act has been officially placed on the United States Senate Legislative Calendar as of June 1, 2026. The bill cleared the Senate Banking Committee on May 14 with a 15 to 9 bipartisan vote and the administrative process placing it on the calendar completed by June 1.

Being placed on the Senate Legislative Calendar does not mean a floor vote date has been announced. It means the bill is now formally in the queue and eligible to be scheduled for full Senate consideration. Senate leadership must still announce a scheduled floor debate and vote date before the next stage begins.

Where the Bill Stands in the Process

The CLARITY Act has now completed five of nine steps toward becoming law:

• Introduced
• Committee hearings
• Committee markup
• Passed Senate Banking Committee 15 to 9
• Placed on Senate Calendar

The remaining steps are full Senate debate and amendments, a Senate floor vote requiring 60 votes, potential House-Senate reconciliation given changes made since the House passed its version in July 2025, and presidential signature.

Senator Cynthia Lummis confirmed the United States is closer to a functioning digital asset market structure than at any point in history, urging lawmakers not to flinch as the bill enters its decisive phase.

What the Industry Is Saying

Galaxy Digital has made a $10 million institutional prediction market trade on the CLARITY Act passing in 2026. The trade was executed through Galaxy’s institutional OTC prediction market offering with Arca using the platform to gain exposure to the bill’s approval odds.

Coinbase described the CLARITY Act as very close to getting done. Senator Lummis reiterated that the bill resolves jurisdictional friction between the SEC and CFTC that has defined years of regulatory uncertainty for the digital asset industry.

The calendar placement comes against a backdrop of continued market weakness with Bitcoin trading below $68,000 and the broader crypto market down $4.21 billion. Standard Chartered has said Ethereum may begin outperforming Bitcoin.

Senate leadership scheduling a floor vote is the next concrete milestone the market is watching for.