Voting on the CLARITY Act bill will be postponed due to U.S. Senate recess

cryptonews.ruPubblicato 2026-07-29Pubblicato ultima volta 2026-07-29

Introduzione

The passage of the CLARITY Act, a crucial bill for the crypto industry, faces further delays and diminishing odds due to the upcoming U.S. Senate recess on August 7th. Senate Majority Leader John Thune indicated there is insufficient time for debates, amendments, and necessary procedures before the break. Prediction markets on Polymarket have lowered the likelihood of the bill passing in 2026 to 35%, a sharp drop from a February peak of 82%. Analysts from Galaxy Digital have similarly reduced their estimate to 30%. Despite the time crunch, lawmakers continue to discuss amendments. Recent changes include new ethics rules for government officials dealing with digital assets, a response to concerns over crypto projects linked to former President Donald Trump and his family. If passed, starting January 20, 2029, the act would prohibit government officials, including the President, from issuing or sponsoring digital assets, though ownership would remain permitted. Amid these legislative delays and amendments, Coinbase CEO Brian Armstrong has suggested the possibility of moving the company's business outside the United States.

The chances of the CLARITY Act, a crucial piece of legislation for the crypto industry, being passed before August 7th are dwindling. This is the day the U.S. Senate goes on recess. According to Senate Majority Leader John Thune, it is unlikely that debates, amendments, and all necessary procedures can be completed by that time. Moreover, senators have other issues that need to be resolved before the recess.

Prediction markets have also lowered expectations regarding the bill's passage in 2026. Traders on Polymarket believe the probability of the law passing has fallen to 35%, compared to a peak of 82% in February.

Despite the apparent lack of time, lawmakers continue to discuss changes to the CLARITY Act. Amendments concerning ethical standards for digital asset transactions involving government officials have already been added to the bill. These amendments were made in response to senators' concerns about cryptocurrency projects linked to President Donald Trump and his family.

If the law is ultimately passed, starting January 20, 2029, government officials and the President would be prohibited from issuing digital assets or sponsoring their issuance, but they would be allowed to own cryptocurrencies.

Earlier, the editorial staff of Happy Coin News reported that, according to Galaxy Digital analysts, the probability of the CLARITY Act passing in 2026 has dropped to 30%.

Amidst the amendments and delays in passing the law, Coinbase CEO Brian Armstrong has not ruled out moving the business outside the United States.

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Domande pertinenti

QWhat is the main reason given for the likely delay in voting on the CLARITY Act?

AThe main reason is the upcoming recess of the US Senate on August 7th, which leaves insufficient time for debates, amendments, and necessary procedures before lawmakers leave.

QAccording to the Polymarket traders, what is the current perceived probability of the CLARITY Act passing in 2026?

AAccording to Polymarket traders, the current perceived probability of the CLARITY Act passing in 2026 has fallen to 35%.

QWhat specific amendment has been added to the CLARITY Act concerning government officials and digital assets?

AAn amendment has been added establishing ethical norms for digital asset transactions involving government officials, partly in response to concerns about cryptocurrency projects linked to former President Donald Trump and his family.

QWhat would the CLARITY Act prohibit for the President and government officials starting January 20, 2029, if passed?

AStarting January 20, 2029, the act would prohibit the President and government officials from issuing or sponsoring the issuance of digital assets. However, they would still be allowed to own cryptocurrencies.

QWhat did Coinbase CEO Brian Armstrong suggest might happen due to the delays and amendments to the CLARITY Act?

ABrian Armstrong, CEO of Coinbase, suggested that he does not rule out moving the company's business outside of the United States due to the delays and amendments to the CLARITY Act.

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