BREAKING: CLARITY Act Advances To Senate Calendar As Floor Vote Nears
Highlights
- The CLARITY Act just made it to the Senate calendar this week.
- Experts believe that a full Senate floor vote is nearing for the U.S. crypto bill.
- However, the CLARITY Act passage odds fell drastically on prediction market platforms.
The Digital Asset Market Clarity Act was officially added to the Senate Legislative Calendar. The bill will now be subject to a floor vote in the Senate this week as legislators return to Washington on June 3.
CLARITY Act Moves To Senate Floor Vote
The bill was added to the Senate Legislative Calendar under General Orders on June 1 under Calendar No. 423, according to the most recent update of the Congress. Earlier, the CLARITY Act also passed the Senate Banking, Housing and Urban Affairs Committee with an amendment in the nature of a substitute.
Now, it is one more step closer to the legislative process. The transfer to the Senate floor is part of a series of moves after the 15-9 bipartisan vote on May 14. In addition, Senate Banking Committee Chairman Tim Scott made the bill a priority to keep America leading in financial innovation. Moreover, he has been pushing this idea in public forums.
“The Clarity Act is the future of finance, laying the rules of the road and establishing America as the crypto capital of the world,” Scott recently wrote on X. He added, “This bill says that the future of finance should be built in America, under American laws, and with American values.”
Senator Cynthia Lummis also reiterated her request for a quick vote on the legislation. “We are closer to a functioning digital asset market structure than we have ever been. Now is not the time to flinch,” Lummis wrote on X today.
For context, the CLARITY Act will provide a more complete regulatory definition of digital assets. It will clarify regulatory duties among federal regulators, including the SEC and CFTC.
Prediction Market Odds Show Sluggish Trends Despite Latest Feat
The legislation has become one of the most closely-watched crypto bills in Congress. Moreover, lawmakers are under mounting pressure to move forward with market structure reform before the August recess.
The latest progression of the CLARITY Act is important as it comes at a time when Congress is juggling different priorities. They are also tackling budget reconciliation, FISA issues and other bills on the agenda.
Although the Senate has made some strides recently, prediction markets have been slower to respond to the news. The chances of the CLARITY Act approval in 2026 on Polymarket to 55%. It shows a drop of 10 percentage points from recent levels.
Kalshi traders also depicted a cautious mood. The odds of crypto market structure legislation becoming law in August 2026 stalled around 27%. Moreover, it boasted 38% odds of CLARITY Act approval before 2027.
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