One year after the U.S. House passed the Digital Asset Market Clarity Act with a bipartisan 294–134 vote, the bill remains stuck in the Senate, with no floor vote scheduled and the legislative clock ticking toward the August recess. The anniversary, marked by a House field hearing in New York, underscores a widening gap between Washington’s stated support for crypto innovation and its ability to deliver a functioning regulatory framework.
The CLARITY Act, formally H.R. 3633, would split oversight of digital assets between the SEC and the CFTC, drawing a line between investment-contract assets and digital commodities. The House approved it on July 17, 2025, with 78 Democrats joining Republicans. The Senate Banking Committee advanced its own substitute version on May 14, 2026, by a 15–9 vote, with Democratic Senators Ruben Gallego and Angela Alsobrooks voting yes. The bill has sat on the Senate Legislative Calendar as Calendar No. 423 since June 1, but no cloture motion has been filed.
To reach the floor, the bill needs 60 votes to overcome a filibuster. Republicans hold 53 seats, and Senators Josh Hawley and Rand Paul are expected to vote no. That means at least seven Democrats must cross over, yet Gallego and Alsobrooks have described their committee support as conditional, and a faction of Senate Democrats has publicly called the bill “corrupt.” The practical arithmetic requires seven to nine Democratic floor votes that do not yet exist.