CLARITY Act Update: Senate Floor Vote Expected Within 30 Days as Galaxy Research Puts Odds at 75%

The CLARITY Act is moving forward. Following last week’s Senate Banking Committee vote of 15 to 9, the full Senate is now expected to hold a floor vote within the next 30 days according to Gemini. Galaxy Research has raised its probability of the legislation becoming law in 2026 to 75% following the committee breakthrough.

If Congress maintains its current pace, Galaxy Research head of research Alex Thorn estimates the bill could be signed into law during the week of August 3.

White House crypto advisor Patrick Witt added further context, saying CLARITY Act passage would give the crypto industry roughly 90% of what it needs.

What Still Needs to Happen

The path from committee vote to presidential signature involves four distinct steps that Dom Kwok of EasyA laid out clearly for those following the process.

First, the Senate Banking Committee version must be merged with the Senate Agriculture Committee’s framework, which covers CFTC jurisdiction. Second, the combined bill goes to the full Senate floor where it needs 60 votes to pass. 

Third, because the Senate has significantly amended and expanded the bill from the version the House passed in July 2025, both chambers must reconcile the differences and vote to approve a single identical text. Fourth, the President signs it into law.

Lummis Keeps Expectations Realistic

Senator Cynthia Lummis, one of the bill’s primary architects, struck a measured tone after the committee vote. “Nobody is popping the champagne quite yet,” she said. “There’s still a lot of work to do.”

On timing she was equally direct. “I would love to have this bill on the floor in June. That’s probably pretty optimistic.”

The White House has been targeting July 4 for a presidential signature. Given the reconciliation process still ahead, August 3 now appears to be the more realistic timeline according to Galaxy Research’s analysis.

What the Bill Does

The CLARITY Act establishes a comprehensive regulatory framework for digital assets, defines decentralisation at the protocol level, strengthens consumer protections, and addresses anti-money laundering requirements. It draws a clear boundary between SEC and CFTC jurisdiction over digital assets and permanently classifies Bitcoin and Ethereum as non-securities.

“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.