Trump to meet with senators over CLARITY Act on Thursday: Politico
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US President Donald Trump is scheduled to meet with several senators on Thursday at the White House to discuss progress on the CLARITY Act, a bill focused on establishing a clearer regulatory framework for the cryptocurrency market. Senators including Bernie Moreno and Cynthia Lummis will brief Trump on the bill’s status and the legislative path ahead. The meeting highlights Trump’s involvement and endorsement of innovation within the crypto sector, which some lawmakers believe will yield significant benefits.
The timing of the meeting is critical, as Senate negotiators work under pressure to pass the CLARITY Act before the Senate’s August recess. Many view this period as the last practical window for advancing the bill prior to the midterm elections. Senator Thom Tillis has been actively engaged in resolving outstanding issues within the draft legislation and hopes for an agreement by the end of the week to bring the bill to a Senate floor vote next week, contingent on the release of a revised draft.
Prediction markets reflect cautious optimism regarding the bill’s near-term progress. Kalshi traders assign a 79% probability that the Senate will vote on the CLARITY Act before the August recess, up from about 69% the previous day. However, the odds of the bill becoming law in 2026 stand at only 36%, with a 62% chance for enactment by the end of 2027. Polymarket shows a roughly 39% chance of the bill being signed into law within this year.
The outcome of the CLARITY Act holds significant implications for the U.S. crypto industry by potentially clarifying regulatory oversight and fostering market stability. Lawmakers’ ability to finalize the bill ahead of the recess will shape the regulatory landscape, influencing investor confidence and innovation in the crypto sector amid growing calls for regulatory certainty.