Gemini Eyes CLARITY Act Senate Vote In Next 30 Days: What Are The Odds?

Crypto prediction market on Gemini exchange is becoming more confident the CLARITY Act could soon be on the floor of the U.S. Senate. Traders are now increasingly expecting the approval of this law prior to 2027.

Will The CLARITY Act Enter Senator Floor Vote Soon?

However, even with the optimistic outlook, it is still unclear if the Congress will be able to act in time, with various priorities competing in the Congress. For context, on X, Gemini wrote, “Senate is expected to hold a floor vote on the CLARITY Act within next 30 days.”

The comment was issued only a few days after the Senate Banking Committee voted unanimously to advance the CLARITY Act. The legislation attracted bipartisan support with a 15-9 vote. At the time, it represented one of the biggest victories in recent years for the digital asset industry.

However, it is not a foregone conclusion that there is a vote in the pipeline within a month. When a user questioned whether a timeline was feasible, journalist Eleanor Terrett responded to the query.

She said, “Possible but far from certain. Clarity will also be competing for floor time with reconciliation, FISA, and the farm bill.” As she mentioned, the Congress has other bills on its priority list, which could delay the vote for the CLARITY Act.

Also, the Senate leadership is at stake. If anti-crypto Democrats Sherrod Brown or Elizabeth Warren take control, things could turn wary. They could even push the bill off their priority list, experts believe.

The optimism and caution are shown in the odds of the prediction markets on Gemini. Traders on the platform today rate the chances of crypto market structure legislation becoming law before 2027 to be around 70%. However, the odds decrease as the timeline is tightened with roughly 9% predicting it to pass before June 2026.

What’s Next For The Crypto Market Structure Bill

Democratic Senators Ruben Gallego and Angela Alsobrooks both voted for the bill during Banking Committee vote. However, in debate, Senator Elizabeth Warren said that the CLARITY Act bill largely favors the crypto sector. She believes it may exacerbate fraud risks in the industry.

Thus, she also proposed amendments that would reduce access to crypto companies’ Federal Reserve master accounts. Senator Cynthia Lummis, on the other hand, advocated for the measure. She said that it provides protection against illicit finance and promotes innovation and financial freedom in America.

Nonetheless, the bill is now in a more complicated phase. The Senate lawmakers are poised to merge the CLARITY Act with a second bill advanced days ago by the Senate Agriculture Committee. This bill aims to add the Commodity Futures Trading Commission to the oversight of digital commodities.

Following the process of the merger, Senate Majority Leader John Thune would have to set aside floor time for debate. The bill would pass by a simple majority, but supporters would probably need 60 votes to end debate and overcome procedural questions.

The House of Representatives would need to iron out the differences between what it plans to do with the CLARITY Act even if the Senate passes its version. Thereafter, a final draft could be sent to President Donald Trump for his signature.