CLARITY Act Won’t Make It On July 4th, Post-Independence Day Vote Likely

• Lawmakers eye the CLARITY Act’s voting process after the two-week Independence Day recess.
• Polymarket’s odds of the bill’s passage in 2026 are only 45%.

Patrick Witt, Executive Director at the President’s Council of Advisors for Digital Assets, recently got the crypto community’s hopes up when he claimed in an interview that the White House eyes President Donald Trump’s signing of the Digital Asset Market Clarity (CLARITY) Act just in time for the US Independence Day celebration on the Fourth of July. However, the latest developments suggest it may not make it through the deadline.

Witt Projects the CLARITY Act’s Signing on July 4th

According to Witt’s interview with Crypto in America last week, the CLARITY Act has gained significant progress in the Senate. He stated that the bill’s positive status positions it for Trump’s signing by July 4th, America’s 250th founding anniversary.

The White House adviser explained that the bill is now only ironing out critical areas where Republicans and Democrats have found themselves at an impasse. These include harmonizing the Senate Banking and Senate Agriculture Committees’ versions of the bill, fixing its ethical provisions, and establishing developer protections.

ADVERTISEMENTThe bipartisan bill has notably moved on from the sticky issue of stablecoin yields, which the banking sector and trade groups said would redirect over $6 trillion of bank deposits into crypto.

Industry Observers Raise Tight Timeline on White House’s Target

Crypto in America’s Eleanor Terrett refuted Witt’s projection. She highlighted that the upcoming red days in the Senate calendar leading to Independence Day won’t be enough to conduct a meaningful deliberation on the legislation.

2026 US Senate Calendar (Source: US Senate Website)It’s worth noting that the Senate is heading for two weeks of recess starting on June 29. Sessions will only resume on July 13.

ADVERTISEMENTGiven the narrow timeline, Terrett also claimed that even lawmakers have already admitted that the earliest schedule for the vote on the CLARITY Act will be after the incoming two-week recess.

Ongoing Bearish Sentiment About the CLARITY Act’s Passage

Senator Cynthia Lummis of Wyoming is confident that the CLARITY Act will pass before the mid-term elections. Additionally, she considered it a major roadblock for bad actors in the financial industry. However, the persistent delays in the bill’s Senate floor deliberations have dampened the previous bullish outlook for its passage this year.

Due to the legislative bottlenecks, Polymarket currently reflects a 45% chance that Trump will sign the CLARITY Act before January 1, 2017. The odds come from participants in the decentralized prediction market platform’s event contract, which has already raised over $1.32 million in volume.

Crypto CLARITY Act Odds (Source: Polymarket) ADVERTISEMENT