Senate Majority Leader John Thune admits the Clarity Act, a key crypto regulation bill, likely won’t pass before Congress heads into summer break — missing its August 7 deadline for potential 2026 lawmaking. But he hopes to at least bring it to the Senate floor before lawmakers leave, keeping the door open for later action despite election season looming. The bill faces resistance from both Democrats, who oppose limits on ex-officials in crypto, and some Republicans, uneasy about stablecoin rules and ethics clauses. Meanwhile, senators prioritize a bipartisan Russia sanctions bill next week — even amid a funeral — while the crypto industry pushes hard for the Clarity Act to finally establish a stable U.S. legal framework for digital assets. Negotiators still hope floor debate could spark momentum to resolve final disputes — but whether that happens before the break remains uncertain.
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