Crypto groups dey beg Senate make dem do floor vote for CLARITY Act

More pass 200 crypto companies and industry groups don beg U.S. Senate leaders make dem schedule floor vote on CLARITY Act before the November midterms, warn say if dem delay, dem fit miss the 2026 legislative window. For one letter wey Stand With Crypto share, signatories like Blockchain Association, Crypto Council for Innovation and The Digital Chamber ask Majority Leader John Thune and Minority Leader Chuck Schumer to “bring the Clarity Act to the Senate floor without delay.” The CLARITY Act go set the SEC vs CFTC framework for crypto regulation, but Senate progress dey stalled because of stablecoin and platform rules. Banking groups want restrictions on stablecoin yields (make platforms no fit offer stablecoin yield), while crypto advocates dey find stronger developer protections for decentralized platforms. Lawmakers still dey negotiate ethics and illicit-finance provisions, and the bill need at least 60 votes to pass without long wahala. Time dey tight. Galaxy Digital reduce im 2026 passage probability to 60% (from 75%), talk say Senate need clear key steps — including amendments — before the late-July/August recess, after dat the window “effectively closes.” Analysts still note say no floor time don schedule yet before the midterms, adding short-term policy uncertainty for risk assets and stablecoin-adjacent markets.
Bearish
Di de timpla for CLARITY Act dey slip and dem never set floor time yet, wey dey increase policy uncertainty. Wahala dey over stablecoin yields (banking-group restrictions vs protections for industry developers) and ethics/illicit-finance provisions wey never settle fit make delay longer and make am hard to reach the 60-vote threshold. For short term, traders dey often price for "wait-and-see" till dem schedule procedural milestones, wey fit put pressure on stablecoin-adjacent instruments and general risk sentiment. For long term, passage odds (down to 60% for 2026 according to Galaxy Digital) show say regulation fit take longer than some expect, keeping volatility high around SEC/CFTC clarity expectations.