The Digital Asset Market Clarity Act of 2025, known as the CLARITY Act, moved one step closer to becoming law after the Senate Banking Committee reported the bill with an amendment on June 1, 2026. The legislation, which aims to establish a federal regulatory framework for digital asset markets, now sits on the Senate Legislative Calendar awaiting a full floor vote.
Introduced by Rep. J. French Hill (R-AR-2) on May 29, 2025, the bill cleared the House on July 17, 2025, by a vote of 294 to 134. The strong bipartisan support in the lower chamber signaled broad appetite for codifying rules around cryptocurrencies and blockchain assets.
After more than a year of negotiations, the Senate Banking Committee advanced the bill on June 1, 2026, placing it on the calendar under General Orders, Calendar No. 423. The committee adopted an amendment in the nature of a substitute, meaning the House and Senate versions would need to be reconciled before the bill could be sent to the president.
As of mid-2026, the bill has not been enacted, and no Senate floor vote has been scheduled. The legislative calendar is crowded, and the clock is running toward the end of the 119th Congress. The next actionable moment is a Senate floor vote, which would then trigger a House-Senate conference if the versions differ. The market has reflected increased attention on the bill since the committee vote, with odds shifting notably in recent weeks.
