The Treasury Secretary said the Digital Asset Market Clarity Act is nearing a Senate floor vote, with the chamber aiming to pass the measure before the August recess. Prediction markets give the legislation a 41.5% probability of being signed into law in 2026.
What the Treasury Secretary said
The Treasury Secretary stated that the Digital Asset Market Clarity Act is close to a Senate floor vote. The statement signals the administration's push for the bill, which aims to set clear rules for digital assets. The Secretary didn't give a specific date, but the timing lines up with the chamber's tight calendar before the summer break.
The Senate's timeline before recess
The Senate is nearing a vote on the Act before the August recess. That leaves little room for delay. Lawmakers have been working on the bill for months, and the Treasury's public backing adds momentum. But with only a few weeks left, any procedural hurdle could push the vote into the fall.
What the prediction market shows
Prediction markets put the odds of the Act becoming law in 2026 at 41.5%. That's a decent chance but far from a sure thing. The market reflects the uncertainty around the bill's path through Congress and the potential for amendments or opposition. The 41.5% figure suggests traders see a real possibility of passage, but also a significant risk of delay or failure.
The Senate is expected to hold the vote before recess. What happens after that — whether the House takes it up, and whether the President signs it — remains an open question. The Treasury Secretary's statement makes clear the administration wants the bill through the Senate now.
