Green Light From The Senate For Historic Crypto Law; Will Trump Sign The “Clarity Act” By August?

According to SAEDNEWS, the research division of Galaxy Digital stated in its latest report that if the current pace of legislation in the U.S. Congress continues, the digital asset market structure bill known as the “CLARITY Act” could be signed by Donald Trump during the week ending on August 3.

This prediction came after the Senate Banking Committee advanced the bill to the next stage in a bipartisan vote of 15 in favor to 9 against. This parliamentary victory led Galaxy analysts to raise the probability of the law’s final approval in 2026 to 75 percent.

Passing through the Banking Committee is considered the most significant progress for this controversial bill in the Senate so far, although the timeline for its finalization remains very limited. The approved text from this committee must now be merged with the Senate Agriculture Committee’s version so that Senate leaders can bring it to the floor for a final vote.

If approved in the Senate, lawmakers must reconcile this text with the House of Representatives version and then send it to the president’s office for final approval. Given the approaching August recess and the complexities of the midterm election year, even the slightest delay in this process could postpone the bill’s passage.

Ethical obstacles and political challenges on the path to approval

One of the main points of friction in the current negotiations is ethical concerns related to crypto activities by government officials. Senators such as Ruben Gallego and Angela Alsobrooks are demanding restrictions that would prevent senior officials and their families from profiting from or promoting digital assets while regulations are being drafted.

Galaxy Digital analysts stated in their report:

“The ethics issue is the most important unresolved point for securing full Democratic support. We expect a version of the ethics amendment to be introduced in later stages, most likely during Senate floor debates, in order to pave the way for the final affirmative vote.”

A tight timeline for finalizing the bill

For Galaxy Digital’s prediction to come true, negotiators must complete the reconciliation process by early June so that the Senate’s final vote can take place in late June. This timeline leaves only July for final negotiations between the two chambers. While the White House had previously targeted July 4, the mid-August timeframe suggested by Galaxy appears more realistic. Any prolonged dispute over layer-two regulations, decentralized finance (DeFi), or anti-money laundering rules could push this sensitive bill into deadlock.