The Senate has postponed the vote on the Clarity Act until after the August recess.

This was announced by Republican Senate Majority Leader John Thune. The Senate will go on a month-long recess beginning Friday and will return in mid-September for several weeks. Senator Cynthia Lummis (R) said they will continue working on the bill after the recess. However, Democrats may not want to bring the issue to a vote before the midterm elections. This could be due to political fallout and the growing influence of the crypto industry. The main stumbling block to Democratic support for the bill is Trump’s crypto projects. In the event of a mandatory forced sale of crypto assets, according to Bloomberg, the president could receive tax benefits. They could amount to hundreds of millions of dollars (20%). According to Polymarket, the probability of Clarity being passed in 2026 has fallen to a low of 14%.