Key highlights:
- The CLARITY has reportedly missed the July 4 deadline
- The Senate now only has a limited window before the August 7 recess to pass the bill
- As three unresolved issues remain, the crypto bill fails to get backing from Democrats
The growing push to pass the landmark crypto bill, the CLARITY Act, is facing another major hurdle as it has missed the July 4 deadline. Despite White House advisor Patrick Witt’s strong optimism, the bill was not signed into law on the day.
Now, the attention has shifted to the August 7 recess. Before the Senate’s summer break, the lawmakers have only a limited window to pass the market structure bill. If they fail to pass the crypto bill before the next critical deadline, its path forward will be challenging as the focus shifts to the midterm election.
July 4 CLARITY Act deadline slipped
Chinese crypto reporter Wu Blockchain shared an
Thus, if the Senate does not pass the crypto bill before August 7, its passage this year is less likely. On Polymarket, the odds of the CLARITY Act passing in 2026 have declined to 49%, down by 16%. Galaxy Research has also reduced the crypto bill passage odds to 50%, as CoinCodex reported.
Source:: CLARITY Act Misses Key July 4 Deadline as August 7 Window Narrows