PANews, July 24 — According to CoinDesk, Senate Majority Leader John Thune stated that the Clarity Act may not be passed before the Senate adjourns on August 7, but its consideration will at least be initiated in the Senate prior to adjournment. Thune said he 'hopes to at least get the Clarity Act moving,' but noted that next week the Senate will prioritize a Russia sanctions bill championed by the late Senator Graham, and Graham’s funeral midweek will occupy senators’ time.
White House crypto advisor Patrick Witt responded that he was 'perplexed' by Thune’s remarks, arguing that there is still time for deliberation during the first week of August and that passage cannot be 'entirely ruled out.' Previously, industry participants and lawmakers had been optimistic that the Clarity Act could receive a Senate vote within the next two weeks; however, current developments indicate the bill is likely to be delayed until September, significantly reducing the chances of enactment by 2026. Controversy has persisted since the bill’s final working draft was released this week, with Democrats expressing dissatisfaction over ethics provisions concerning government officials, and some Republican senators raising objections regarding the treatment of stablecoin yields and the wording of the ethics clauses. The bill requires 60 votes to advance. If the Senate initiates consideration before adjournment but fails to pass it, a narrow window will remain after reconvening in September, though election-year politics and competing legislative priorities will vie for limited floor time.