The 'CLARITY Act' Did Not Enter the U.S. Senate Agenda Today, Probability of Becoming Law This Year Drops to 16%

BlockBeats news, August 5, crypto journalist Eleanor Terrett disclosed that U.S. Senate Majority Leader John Thune formally proposed motions to initiate debates on other bills today, and the 'Cryptocurrency Market Structure Act' (i.e., the CLARITY Act) was not included. The motion to initiate debate is a key procedural step for advancing legislation in the Senate. John Thune's decision to prioritize other bills at this time highlights unresolved core disagreements within the CLARITY Act, particularly regarding the assignment of enforcement authority for ethical provisions. The U.S. Senate is about to enter its August recess, and the legislative window for the CLARITY Act is rapidly narrowing. Although the bill has previously passed the Senate Banking Committee, there remains ongoing deadlock between Democrats and Republicans over the ethical provision prohibiting federal officials from issuing digital assets—specifically, whether the Department of Justice or state attorneys general should serve as the chief enforcement authority. Maryland Senator Alsobrooks has made it clear that she will not support the bill if enforcement authority is limited to the Department of Justice and not retained by the states. John Thune's decision to prioritize other bills on the agenda further reinforces market sentiment that the CLARITY Act is unlikely to complete a full Senate vote before the recess. On the prediction market platform Predict.fun, the probability of the CLARITY Act being signed into law by 2026 has dropped to 16%.