Breaking: CLARITY Act New Text Release Postponed To Next Week, 2026 Approval Odds Slip To 31%

President Donald Trump met with Senate Republicans on Thursday, but no new text of the CLARITY Act was released. Rather, the updated version is now due to be delivered sometime next week, adding to the confusion surrounding one of the most closely followed crypto law bills in Washington.

CLARITY Act New Text Release Faces Major Delay

The delay has pushed prediction markets to reduce expectations on the legislation. The likelihood that the CLARITY Act will pass in 2026 is down to 31%, per Polymarket. The drop comes lawmakers are growing skeptical about being able to overcome significant political differences.

Even after the White House talks, the revised language of the CLARITY Act wasn’t available, according to journalist Eleanor Terrett on X. She went on to write, “Updated legislative text remains elusive following yesterday’s meeting between President Trump and Senate Republicans on ethics.” She added that “industry leaders tell me they’re now preparing for the rollout of text to slip into next week.”

The House Financial Services Committee’s Republican field hearing is set to take place in New York at 10 a.m. ET, Terrett added. The session will explore the possibilities of the CLARITY Act in fostering innovation of digital assets. That said, she noted the hearing is informational, and “does not affect the Senate’s consideration of the bill.”

Republican lawmakers have hinted that the new plan will be published soon after the White House gathering.

Senator Bernie Moreno, “We’ll do that right after the meeting. You guys have a lot of reading to do.” He also noted President Trump had asked for a briefing before the bill goes forward. Moreno is still seeking a vote in the Senate for the CLARITY Act before the start of August recess.

Sen. Cynthia Lummis also was optimistic prior to meeting. She said she hoped the draft would be made public following discussions with the president, but did not have a timeline.

Why Are Democrats Opposing The Bill?

Democrats aren’t certain about the latest negotiations. Their primary worry focuses on the ethics clauses that are attached to President Trump’s business ties with the crypto industry.

One of the lead Democratic negotiators, Sen. Ruben Gallego, said Republicans were offering ethics language that Democrats did not take. “At the end of the day, we don’t have strong ethics,” Gallego said, according to POLITICO report. He added: “I don’t care what the president says. You’re not going to have the Democratic votes.”

Gallego also said the CLARITY Act version that he had read was “very weak” and had allowed the president “a lot of latitude” but provided limited consumer protections.

A Democratic Senate aide said the same thing. The Republican plan that was presented to the White House was less ambitious than what Democrats are willing to accept, the aide said. The aide also said that the draft had not been read or approved by Democrats during Thursday’s talks.

However, Sen. Cory Booker said, talks are still underway. “The only way to get this done is a bipartisan pathway,” Booker said. Thus, he hopes that a draft won’t be released until those talks are finished.