CLARITY Act Advances to Senate Calendar, Floor Vote Nears

The Digital Asset Market Clarity Act was officially added to the Senate Legislative Calendar this week, bringing a full Senate floor vote within reach as prediction market traders remain conspicuously underwhelmed by the news.

The bill will now be subject to a floor vote in the Senate this week as legislators return to Washington on June 3. For an industry that spent years watching crypto bills die in committee, "this week" is almost suspicious.

The bill was added to the Senate Legislative Calendar under General Orders on June 1 under Calendar No. 423, according to the most recent update of the Congress. It had earlier passed the Senate Banking, Housing and Urban Affairs Committee with an amendment in the nature of a substitute, which is legislative jargon for "we changed a bunch of stuff and will explain later."

Now, it is one more step closer to the legislative process. The transfer to the Senate floor is part of a series of moves after the 15-9 bipartisan vote on May 14. Senate Banking Committee Chairman Tim Scott made the bill a priority to keep America leading in financial innovation, and he has been pushing the idea in public forums with the enthusiasm of a man who has read the bill. "The Clarity Act is the future of finance, laying the rules of the road and establishing America as the crypto capital of the world," Scott recently wrote on X. He added, "This bill says that the future of finance should be built in America, under American laws, and with American values."

Senator Cynthia Lummis also reiterated her request for a quick vote on the legislation. "We are closer to a functioning digital asset market structure than we have ever been. Now is not the time to flinch," Lummis wrote on X today. The market structure itself, presumably, may also flinch — but only after the bill passes.

For context, the CLARITY Act will provide a more complete regulatory definition of digital assets and clarify regulatory duties among federal regulators, including the SEC and CFTC. In other words, the long-running turf war over who gets to yell at which token may finally get a map.

The legislation has become one of the most closely-watched crypto bills in Congress, with lawmakers under mounting pressure to move forward with market structure reform before the August recess. The latest progression comes at a time when Congress is juggling different priorities, including budget reconciliation, FISA issues, and other bills on the agenda — a legislative schedule that can charitably be described as "stuffed."

Although the Senate has made some strides recently, prediction markets have been slower to respond to the news, with CLARITY Act 2026 approval probability on Polymarket notably sluggish — because nothing says "regulatory clarity" like a betting market that cannot decide.