The U.S. Senate is preparing to unveil the long-anticipated CLARITY Act, a bill focused on regulating the digital asset market, before the August recess. The vote on the legislation is expected to take place no later than September 30.

This was confirmed during a Thursday press conference by Senators Tim Scott, Cynthia Lummis, and crypto policy advisor Bo Hines. The main goal is to establish a clear regulatory framework for how digital assets like cryptocurrencies and tokens operate in the U.S.

🔹 CLARITY Act to Serve as a Foundation for Crypto Regulation

Senator Tim Scott, head of the Senate Banking Committee, announced that the bill would be published during the summer, with a vote planned for September. His colleague, Senator Cynthia Lummis – known for her long-time involvement in digital asset policy – backed the timeline and confirmed that the committee is working to stay on track.

The CLARITY Act is expected to provide a legal framework for regulating digital assets and will complement the GENIUS Act, a stablecoin bill that the Senate has already approved.

🔹 Senate Pushes House to Approve GENIUS Act Without Amendments

Senators also urged the House of Representatives to pass the GENIUS Act without delay and without changes. The act, which focuses on stablecoin rules, has already passed in the Senate. According to Bo Hines, the act is a top priority for President Donald Trump, who wants it signed into law as soon as possible.

“President wants the GENIUS Act on his desk immediately,” Scott stated. Hines added that the administration prefers a clean passage of the bill with no additional amendments from the House.

However, French Hill, chair of the House Financial Services Committee, has not committed to a timeline. He said the House may need time to reconcile its own stablecoin draft with the GENIUS Act, potentially delaying progress on both fronts.

🔹 House Bill Serves as a Blueprint for Senate’s Version

Despite delays in the House, Senator Scott praised its earlier draft of a market structure bill, calling it “an excellent model” for the Senate’s own version. The CLARITY Act will aim to mirror similar goals and build on a framework already discussed by both chambers.

“We’re one team,” Scott emphasized, calling for unified efforts in developing crypto legislation.

🔹 U.S. Plans for Strategic Bitcoin Reserve

Bo Hines also confirmed that the administration is actively working on infrastructure to create a U.S. strategic reserve of Bitcoin. The plan is to acquire BTC without impacting the national budget, describing Bitcoin as “digital gold.”

Although Trump’s March executive order does not require the Treasury Department to report on government-held BTC, Hines said the administration may still release such data voluntarily for transparency.

📌 Summary

The Senate has set a clear goal: to publish the CLARITY Act this summer and pass it by the end of September. At the same time, it is pressing the House to fast-track the GENIUS Act without changes. Whether both chambers can coordinate and deliver a unified framework for digital assets will be determined in the coming weeks.




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