The Senate is scheduled to hold a procedural cloture vote on the CLARITY Act (H.R. 3633) on September 15, 2026, at approximately 2:15 p.m. ET. Republican lawmakers expect the bill to fail, with Sen. Thom Tillis saying it will not pass without White House assistance. Sen. Cynthia Lummis warned that failure could delay crypto regulation until 2030. The bill aims to improve regulatory clarity and investor protection. Bank of America, Citi Bank, and President Trump have backed the measure. The SEC has separately proposed rules to modernize crypto custody, while industry executives describe durable legislation as critical for long-term capital.
The CLARITY Act faces a key procedural cloture vote in the Senate on September 15, 2026, at around 2:15 p.m. ET. Republican senators reportedly expect the measure to fail when it reaches the floor.
Sen. Thom Tillis of North Carolina said Tuesday that he believes the bill “is going to fail” unless the White House helps bridge the divide. Sen. Cynthia Lummis said, “If the CLARITY Act does not pass in this Congress, the next real opportunity for crypto regulation may be delayed until 2030.”
The bill is meant to bring more regulatory clarity and investor protection to the cryptocurrency market. Scams and hacks have kept many investors away, and the legislation could change that outlook.
Several traditional investment firms and banking experts have urged the Senate to pass the bill. Bank of America and Citi Bank are among the supporters, and the measure has been vetted by crypto experts.
The White House, particularly President Trump, has backed the bill, saying approval would push crypto into the spotlight of traditional U.S. finance. The SEC has said it will submit new rules and proposals to modernize crypto custody and make clearer rules for the industry.
The crypto industry is preparing to move forward without CLARITY, while executives and investors say durable legislation would provide certainty and help attract long-term capital. Approval of the bill remains the biggest regulatory domino for the future of crypto in the U.S.
