U.S. Representative French Hill is pushing the Senate to hold a vote on the CLARITY Act before the August recess. The crypto market structure bill already passed the House with a bipartisan 294-134 tally. Hill's call comes as lawmakers prepare to leave Washington for the summer break, leaving a narrow window for action.
The bill's path so far
The CLARITY Act cleared the House this year with strong bipartisan support — 294 in favor, 134 against. That's a wider margin than many expected for a crypto-focused bill. The legislation aims to set clear rules for digital asset markets, something the industry has been asking for as regulatory uncertainty lingers.
Why the timing matters
The August recess is just weeks away. If the Senate doesn't move soon, the bill could stall until September or later. Hill, a Republican from Arkansas, is making a direct appeal to his colleagues across the aisle and in the upper chamber. He's not the only one watching the calendar. Market participants have been waiting for a federal framework to replace the patchwork of state-level rules.
What the CLARITY Act does
The bill is described as a crypto market structure bill. It would define which digital assets are securities and which are commodities, and assign oversight to the SEC and CFTC accordingly. That's a long-sought goal for exchanges and token issuers who've faced conflicting guidance from regulators.
The Senate now has a narrow window to take up the bill before the August recess. Whether Majority Leader Chuck Schumer schedules a vote remains an open question. Hill's public push is a signal that House supporters want to keep momentum alive — but the clock is ticking.
