It is important to get it done; it is critical to maintain America’s innovation edge… This is something that will be more a matter of focus after the 4th of July recess period, but I certainly hope to see it done before the end of July.
Pass the CLARITY Act before the end of July to establish a federal framework for digital assets.
Occurrences
Evidence
Congress.gov lists H.R.3633 as the Digital Asset Market Clarity Act of 2025, or CLARITY Act, and says the bill establishes a regulatory framework for digital commodities. Its tracker status is Passed House; the steps Passed Senate, To President, and Became Law are not completed. Latest action shown: Senate received the bill on 2025-09-18 and referred it to Banking, Housing, and Urban Affairs.
The House Clerk records Roll Call 199 on H.R. 3633, vote question On Passage, CLARITY Act, with status Passed and vote totals of 294 yeas and 134 nays on July 17, 2025.
Investor's Business Daily reported that the Senate Banking Committee released a digital asset market structure discussion draft building on the CLARITY Act after House passage, and that Chairman Tim Scott, Cynthia Lummis, Bill Hagerty, and Bernie Moreno spearheaded the release.
Investor's Business Daily reported that the Senate Banking Committee advanced the CLARITY Act on May 14, 2026 by a 15-9 bipartisan vote, sending it closer to a full Senate vote, while noting remaining issues and the need to reconcile with the Senate Agriculture Committee's version.
Investor's Business Daily reported in the lookback window that the CLARITY Act market structure bill needed to pass during the summer or risk losing support after the midterm elections, and that it was on the Senate Legislative Calendar but still needed 60 votes.
The Guardian reported during the lookback window that the Independent Community Bankers of America launched a six-figure campaign to fight the CLARITY Act over stablecoin rewards and incentives, and described the bill as a landmark proposal still before Congress.
Assessments
The promised outcome has not yet been delivered: H.R.3633, the CLARITY Act, passed the House on July 17, 2025, but official status still shows no Senate passage, presentment, or enactment, so it has not established a federal digital-assets framework. Hagerty did materially advance the Senate-side effort through Banking Committee work and related draft activity, but as of July 8, 2026 the end-of-July target has not yet arrived, so the proper status is unresolved rather than failed or delivered.