Zach Pandl, Head of Research at Grayscale, said the legislation is unlikely to become law this year, even though a deal isn’t technically impossible. A bill that got far, then stalledThe House passed the CLARITY Act on July 20, 2025, with a 294-134 vote. The Senate Banking Committee followed suit on May 14, 2026, advancing the bill with a 15-9 vote. AdvertisementRevised text of the bill surfaced in July 2026, and seven Democratic members of the Senate pushed back. As of early August 2026, the odds of the CLARITY Act passing had drifted to 50% or lower.