CLARITY Act faces August 7 Senate deadline after July slip

US crypto market rules remain in limbo after the CLARITY Act missed its July 4 target, leaving Senate leaders with less than four weeks to schedule a floor vote. For exchanges, token issuers, and investors watching federal oversight, the next date that matters is August 7, the last scheduled weekday before the Senate's August work period begins.

The Senate returns from its July break on July 13. Its official calendar lists August 10 through September 11 as the next state work period, which makes August 7 the practical cutoff for passing the bill before another long pause. Advocacy group Stand With Crypto has urged supporters to push senators for a vote before that date.

The bill, H.R. 3633, already passed the House in July 2025 by a 294-134 vote. It also cleared the Senate Banking Committee in a bipartisan 15-9 vote, sending it to the full Senate. The measure would create a federal market structure for digital assets, including rules for exchanges, customer assets, disclosures, and how oversight is split between the CFTC and SEC.

The main problem now is not committee support but floor time. If the Senate does not act before the recess, the legislation slips into the fall and the industry stays without the federal framework the bill is meant to set.