TL;DR
- Trump will meet Thursday with several senators at the White House to push forward the approval of the CLARITY Act before the August recess.
- Senator Bernie Moreno confirmed that the group will brief President Trump on the bill and “its path to success,” with Cynthia Lummis also in attendance.
- On Kalshi, traders assign a 79% probability that the CLARITY Act will be voted on before the recess, but only a 36% chance of it becoming law in 2026.
United States President Donald Trump has a meeting scheduled for this Thursday with a group of senators at the White House to review the progress of the crypto market structure bill known as the CLARITY Act.
The meeting responds to pressure from lawmakers seeking to accelerate the timeline to secure approval of the bill before the Senate’s August recess, a period many consider the last realistic window before the midterm elections.
Trump Pushes for the Clarity Act Before the Recess
Senator Bernie Moreno confirmed to Politico that the delegation plans to brief the president on the bill and “its path to success.” Moreno stressed that Trump has been a central actor in driving the initiative. “He is the one who has really driven the innovation that I think will bring dividends,” he said. Senator Cynthia Lummis will also attend the meeting, according to a Republican Senate source.
Senator Thom Tillis, who is working to resolve the bill’s outstanding issues, expressed his expectation of reaching an agreement before the end of the week. “I think it’s critical if we’re going to try to bring this to the floor before the August recess,” he told Politico.
The Market Anticipates
Lummis anticipated Wednesday in an interview with Fox Business that a new revised version of the bill will be introduced in the coming days and that she expects it to reach the Senate floor next week.
Prediction markets reflect moderate optimism. On the platform Kalshi, traders assign a 79% probability that the CLARITY Act will be put to a vote before the recess, a figure that climbed from 68.8% recorded the previous day. However, the outlook for it actually becoming law is more cautious: a $3 million market on the same platform gives it only a 36% chance of doing so in 2026, and a 62% chance before the end of 2027. On Polymarket, the probability of Trump signing the bill into law this year stands at 39%.
