CLARITY Act Odds Surge Past 72% as Senate Vote Looms

The CLARITY Act update has boosted Senate vote odds to above 72% before lawmakers leave Washington in August. This comes after reports of an agreement on disputed ethics language between the White House and Republican senators.

Crypto companies have spent a record $189 million influencing the 2026 midterm elections through June, with over one-third of corporate election money this cycle going towards the CLARITY Act. Major contributors include Coinbase, Ripple, Andreessen Horowitz, and Crypto.com affiliate Foris DAX.

A Senate vote would still require 60 votes, but the updated odds suggest a possible cloture vote or scheduled floor vote before August 8. The legislation aims to divide oversight between the SEC and CFTC, with classifications for securities, ancillary assets, and digital commodities, alongside disclosure and anti-fraud duties.

The CLARITY Act update has significant implications for exchanges, brokers, and custodians, as registered firms would gain federal standards, while regulators retain authority to address fraud and manipulation. A cloture motion or scheduled floor vote before August 8 will be the next signal on the legislation's progress.