US President Donald Trump will meet with several senators at the White House on Thursday as lawmakers attempt to finalize the CLARITY Act and bring the landmark crypto market structure bill to a Senate vote before the August recess.
The meeting could prove decisive for the future of US cryptocurrency regulation, with negotiators facing a narrowing window to resolve outstanding disagreements and secure enough support for the legislation.
Senators to brief Trump on CLARITY Act progress
Senator Bernie Moreno said a group of lawmakers will update Trump on the bill and discuss what he described as its “path to success,” according to Politico.
Senator Cynthia Lummis, one of Congress’ most prominent supporters of digital asset legislation, is also expected to attend the White House meeting.
“We’ll be talking about the entirety of the bill,” Moreno said, adding that Trump has remained closely involved in the legislative effort.
The president has repeatedly called for clearer rules governing the US cryptocurrency industry, making digital asset regulation an important part of his administration’s economic and innovation agenda.
August recess creates a critical deadline
Lawmakers are racing to advance the crypto market structure legislation before the Senate begins its August recess.
Some senators reportedly view the current period as the last realistic opportunity to pass the CLARITY Act before attention shifts toward the US midterm elections.
Senator Thom Tillis, who has been helping negotiate several unresolved sections of the bill, said lawmakers are hoping to reach an agreement by the end of the week.
“I think it’s critical if we’re going to try and get this across the floor before August recess,” Tillis told Politico.
Although the Senate Banking Committee previously advanced the legislation with bipartisan support, lawmakers must still settle several disputed provisions and secure the 60 votes likely needed to move the bill through the Senate.
Revised CLARITY Act draft expected soon
Senators are currently waiting for an updated version of the legislation.
Speaking to Fox Business on Wednesday, Lummis said a revised CLARITY Act draft should be introduced within the next few days. She also indicated that the bill could reach the Senate floor as early as next week.
The new version is expected to combine work completed by the Senate Banking and Agriculture committees. However, several issues reportedly remain unresolved, including provisions concerning government ethics and stablecoin-related rules.
Reaching a bipartisan agreement will be essential because the legislation will need support from both Republican and Democratic senators to overcome procedural hurdles.
What is the CLARITY Act?
The CLARITY Act is designed to establish a comprehensive regulatory framework for the US digital asset market.
One of its central goals is to clarify how regulatory authority over cryptocurrencies should be divided between agencies such as the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Supporters argue that clearer rules would give crypto companies greater legal certainty, encourage blockchain innovation and make the United States more competitive in the global digital asset industry.
The legislation passed the House of Representatives in July 2025 and later advanced through the Senate Banking Committee. It now faces negotiations over a final Senate version before it can proceed toward a full floor vote.
Prediction markets favor a Senate vote before recess
Prediction market traders became increasingly optimistic that the Senate would vote on the CLARITY Act before the August recess.
At the time of reporting, Kalshi traders assigned a 79% probability to a Senate vote occurring before the break, up from 68.8% the previous day.
However, traders were considerably less confident that the crypto bill would complete the entire legislative process this year.
A Kalshi market with approximately $3 million in trading volume gave the legislation a 36% chance of becoming law in 2026 and a 62% probability of being enacted before the end of 2027.
Polymarket traders placed the probability of the CLARITY Act being signed into law in 2026 at approximately 39% at the time covered by the report. Prediction market probabilities can change quickly as traders respond to negotiations and new political developments.
White House meeting could shape the bill’s future
Thursday’s White House talks may provide a clearer picture of whether senators can resolve their remaining disagreements and maintain enough bipartisan support to advance the bill.
A revised draft, combined with Trump’s direct involvement, could give negotiations additional momentum. However, the increasingly tight Senate calendar leaves lawmakers with little room for further delays.
Failure to complete the legislation before the August recess could push consideration of comprehensive US crypto market structure rules beyond the midterm elections, significantly complicating the bill’s path to becoming law.
