Trump to Meet Senators Thursday on CLARITY Act Progress Before Recess

US President Donald Trump will meet with several senators at the White House on Thursday to discuss progress on the CLARITY Act crypto market structure bill. Senator Bernie Moreno said a group of senators will brief the president on the bill and its path to success, with Senator Cynthia Lummis also attending according to a Senate Republican aide. The meeting comes as lawmakers race to pass the legislation before the Senate's August recess, which many see as the last realistic opportunity before midterm elections.

Trump Schedules Thursday Meeting with Senators on CLARITY Act

According to Politico, Senator Bernie Moreno confirmed the White House meeting will cover the entirety of the CLARITY Act. "Obviously the president's been very engaged in this bill," Moreno said. "He's the one who's really driven the innovation that I think will pay dividends." Senator Cynthia Lummis will also attend the briefing, a Senate Republican aide confirmed.

Lawmakers Target August Recess Deadline for Senate Vote

Senator Thom Tillis, who has been working through the CLARITY Act's unresolved provisions, told Politico he hopes for agreement by the end of this week. "I think it's critical if we're going to try and get this across the floor before August recess," Tillis said. Lawmakers are awaiting a revised draft of the bill. In a Fox Business interview on Wednesday, Lummis said a new draft version will be introduced in the next few days and expects it to be on the Senate floor next week.

Prediction Markets Assign 79% Probability to Pre-Recess Senate Vote

Traders on prediction market Kalshi have put a 79% chance on the CLARITY Act being voted on by the Senate before the August recess, up from 68.8% the previous day. A $3 million prediction market on Kalshi gives the crypto bill a 36% chance of becoming law in 2026, and a 62% chance of doing so before the end of 2027. Polymarket traders have put the chance of the CLARITY Act being signed into law this year at 39%.

FAQ

What will Trump discuss with senators on Thursday regarding the CLARITY Act?

Trump will meet with senators including Bernie Moreno and Cynthia Lummis at the White House on Thursday to receive a briefing on the CLARITY Act and its path to success. Moreno stated the meeting will cover the entirety of the crypto market structure bill.

When does Senator Lummis expect the new CLARITY Act draft to reach the Senate floor?

In a Fox Business interview on Wednesday, Senator Lummis said a new draft version of the CLARITY Act will be introduced in the next few days and she expects it to be on the Senate floor next week, ahead of the August recess deadline.