The Senate has one week: CLARITY’s last August window

The CLARITY Act is not dead. It is something worse for its supporters: it is alive but unscheduled. Summary The CLARITY Act was absent from the Senate’s published Monday schedule for August 3, with no cloture motion filed as of July 31 and no procedural vehicle confirmed for the 616-page market-structure bill. Wednesday, August 5, is the ordinary filing deadline for a cloture petition that could produce a Friday, August 7, vote on the motion to proceed, the last realistic window before the Senate’s August 10 recess. Seven Democratic negotiators said on July 22 that the Republican draft “falls short” on ethics, consumer protection, and national security provisions, and no public statement from either side has confirmed those gaps are closed. Polymarket odds on 2026 passage have fallen from a February peak above 80 percent to roughly 30 percent as of July 29, reflecting the market’s assessment that the bill is more likely to slip to September or die entirely. If CLARITY misses August, the remaining legislative calendar compresses into a September session that carries less political momentum, competes with spending deadlines, and runs into the 2026 midterm election cycle. Monday’s Sen...