More than 200 crypto companies and organizations sent a letter to Senate leaders on June 7 calling for an immediate floor vote on the CLARITY Act. The push follows the Senate Banking Committee's 15-9 bipartisan approval of the bill on May 14. Prediction markets have lowered odds of passage before August.
A coalition including Stand With Crypto, the Blockchain Association, the Crypto Council for Innovation and The Digital Chamber signed the letter addressed to Senate Majority Leader John Thune and Senate Minority Leader Charles Schumer. The groups argued that a federal framework is needed to prevent digital asset activity from moving offshore. Sen. Cynthia Lummis posted on June 7 that the bill had passed committee and that the floor vote was next. Senate Banking Chair Tim Scott stated on June 8 that the measure would create a safer and more transparent system for digital assets. Polymarket priced the chance of the bill becoming law in 2026 at 51 percent as of June 8, down from 62 percent on June 3. Kalshi showed the probability of passage before August falling to 22.1 percent over the same period. The Senate version still requires reconciliation with the House-passed bill and with the Senate Agriculture Committee's Digital Commodity Intermediaries Act before it can advance.
