The CLARITY Act has roughly 48 hours to reach the Senate floor before the chamber recesses on August 10. Majority Leader John Thune has not yet filed the cloture motion required for a vote. The bill, which would split crypto oversight between the CFTC and SEC, passed the House 294-134 in July 2025 and cleared the Senate Banking Committee 15-9 in May. Democrats are blocking cloture over ethics language seeking tighter limits on federal officials promoting digital assets. Bitcoin trades near $64,126, with Polymarket contracts on a 2026 signing trading at 17%.
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