The CLARITY Act is set for a full Senate floor vote on September 15 after President Donald Trump met crypto and finance executives at the White House. Coinbase CEO Brian Armstrong called the bill the meeting's main topic, while prediction markets stayed split: Polymarket priced the bill's odds at 24%, and Kalshi bettors put 2027 passage chances at a coin flip.
Armstrong sees a bipartisan path to the September vote
President Trump met with crypto and finance CEOs at the White House on Wednesday to discuss making the United States the crypto capital of the world. For Coinbase CEO Brian Armstrong, the crypto market structure bill, the CLARITY Act, was the meeting's main topic.
Armstrong said the bill is coming up for a full Senate floor vote on September 15, adding that it was important the vote got scheduled amid competing priorities. He is confident of a strong bipartisan vote and has projected that the bill's passage would trigger the next bull run, starting in October.
Ripple CEO and Trump adviser back the bill
The Ripple CEO echoed Armstrong's message. According to AMBCrypto, the Ripple CEO said "crypto isn't a fringe industry", pointing to rising crypto ownership among U.S. citizens. Patrick Witt, Executive Director of Trump's Council of Advisors on Digital Assets, said passing the bill would modernize the country's capital markets and secure American financial leadership.
However, the bill failed to advance in early August amid holdouts from Democrats and Republicans citing ethics and DeFi developer-protection provisions. Whether those sticking points get resolved before the mid-September vote remains unclear.
Prediction markets split on the bill's odds
Despite Armstrong's optimism, wider market sentiment differs sharply. Polymarket priced the bill's passage odds at 24% ahead of the vote. Kalshi bettors, meanwhile, set 2027 passage chances at a coin flip.
Regulators aren't waiting on Congress either. The SEC released fundraising guidelines for crypto firms this week, some of which overlap with CLARITY Act provisions, giving the sector a path forward even if the bill stalls. A future anti-crypto administration could still reverse such SEC guidance if Congress never codifies it into law.
The industry is running a three-pronged strategy: push for passage by the September vote, lean on regulator guidance as a backup, and back pro-crypto candidates who could revive the bill in the next Congress.
Source: AMBCrypto
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