The short answer: stuck. As of late July 2026, the Digital Asset Market Clarity Act (H.R. 3633) has cleared the House and a Senate committee, but it still has no floor vote, no cloture motion, and no date on the calendar.

Senate Majority Leader John Thune told reporters he does not expect the bill to reach the floor before the summer recess begins around August 7. His reasoning, per CoinDesk, is that the chamber is first working through federal nominations, then a Russia sanctions bill, legislation now tied to the memory of Senator Lindsey Graham, who died in July.

How Far the Bill Has Come Since July 2025

The CLARITY Act is the most advanced crypto market structure bill in US history. The House passed it on July 17, 2025, by a 294-to-134…