Senate’s CLARITY Act Crypto Framework Deadline: August or Bust

Washington finally sets a hard deadline—because nothing motivates lawmakers like an arbitrary calendar date.

The Regulatory Countdown Begins

The Senate's long-promised crypto framework now has an August delivery target. After years of 'we're working on it,' the CLARITY Act might actually see daylight before the 2026 election cycle swallows all legislative oxygen.

What's at Stake

Market players are watching for whether this becomes meaningful guardrails or just another compliance tax on innovation. Meanwhile, TradFi banks are already lobbying to water it down—some things never change.

August won't just test regulators' ability to deliver. It'll show whether DC can resist turning every financial revolution into bureaucratic paperwork.

TLDR

• The Senate will release the draft of the CLARITY Act before the August recess.
• A full Senate vote on the CLARITY Act is expected by the end of September.
• Senator Tim Scott and Senator Cynthia Lummis confirmed the Senate’s timeline for the CLARITY Act.
• The White House supports the CLARITY Act and aims to complete digital asset regulation by September.
• The Senate urged the House to pass the GENIUS Act without making any amendments.

Senate leaders confirmed plans to release a draft of the CLARITY Act before the August recess. The legislation outlines a federal structure for digital asset markets. The Senate Banking Committee also committed to a full vote by the end of September.

CLARITY Act to Anchor Senate’s Digital Asset Framework

Senator Tim Scott, Chair of the Senate Banking Committee, announced that the CLARITY Act draft will be made public before the August break. Senator Cynthia Lummis, who heads the Digital Assets Subcommittee, affirmed the committee is aligned with this timeline. Together, they confirmed the CLARITY Act will serve as the Senate’s central proposal for market structure regulation.

Bo Hines, a White House adviser on crypto policy, supported the timeline for finalizing the CLARITY Act by September. He confirmed that the administration would back the bill’s release and legislative progress. The act aims to clarify rules governing digital asset trading, custody, and compliance frameworks.

Senator Scott emphasized that the CLARITY Act will integrate elements from existing proposals while improving investor protection and regulatory oversight. The draft will incorporate guidance from the House’s own framework. Although the Senate version may differ in scope, it will reflect shared priorities.

Lawmakers Urge Swift Passage of GENIUS Act in the House

The Senate has already passed the GENIUS Act, which focuses on stablecoin regulation and issuer standards. Senator Scott pressed the House to approve the bill without delay, stressing that it aligns with White House priorities. He stated that President TRUMP expects the bill on his desk as soon as possible.

Bo Hines added that the administration wants the House to approve the GENIUS Act without adding new amendments. He confirmed the bill addresses national economic interests. However, the House Financial Services Committee has not committed to a clear schedule for a floor vote.

As stated today, we are committed to getting market structure done by the end of September. Period. https://t.co/etQwnMWMK9

— Bo Hines (@BoHines) June 26, 2025

Chairman French Hill noted that the House may revise the stablecoin language before proceeding. This could extend discussions and delay overall progress. Still, Senate leaders remain focused on pushing both the CLARITY Act and GENIUS Act before the end of the third quarter.

Administration Builds Bitcoin Reserve Plan Alongside CLARITY Act Push

Bo Hines stated that the White House continues to work on a national Bitcoin reserve strategy. Although not mandated by Trump’s March executive order, this initiative remains a priority for the administration. Officials seek to increase holdings without expanding federal spending.

The Treasury may release data about current government-held bitcoin assets in the near future. A White House official described Bitcoin as “digital gold” and stressed the importance of strategic accumulation. The administration’s stance supports broader digital asset adoption, in alignment with the goals of the CLARITY Act.

The Senate remains focused on releasing the CLARITY Act draft within weeks. Both chambers are under pressure to finalize a unified framework before September 30.