The legislation, formally known as the Digital Asset Market Clarity Act, or the CLARITY Act (H.R. The CLARITY Act builds on the foundation laid by the GENIUS Act, which focused specifically on payment stablecoins. Pivotal bipartisan staff meetings have been taking place since at least December 2025, with the pace accelerating as the August recess looms. What this means for investorsPrediction markets currently give the CLARITY Act roughly a 28-30% chance of actually becoming law. With only two Democrats supporting the bill in committee, Senate leadership needs to flip at least five more votes to clear a filibuster.