Trump Presses Senate to Pass Clarity Act Before Aug. 11 Recess as Odds Hit 70%
Updated
Updated · The Motley Fool · Jul 19
Trump Presses Senate to Pass Clarity Act Before Aug. 11 Recess as Odds Hit 70%
3 articles · Updated · The Motley Fool · Jul 19
Summary
Aug. 11 is the key deadline: Trump is urging the Senate to pass the Clarity Act before recess, calling it vital to keep the U.S. ahead in crypto regulation.
The bill would shift crypto spot-market oversight to the CFTC, define when tokens qualify as securities, and set rules on stablecoin yield and consumer protections.
Kalshi put the chance of a Senate vote before recess at 73% and the odds of clearing the 60-vote threshold at 70%, up sharply from 21% days earlier.
Seven Democrats would still be needed to join Republicans, with objections centered on lawmakers' crypto profits, criminal-investigation powers, and bank concerns over stablecoin provisions.
If the Senate misses the August window, the path narrows sharply because Congress then heads toward a pre-midterm slowdown, making lame-duck passage possible but unlikely.