The CLARITY Act, a landmark piece of legislation aimed at defining digital asset classification in the United States, is seeing renewed momentum. Odds of its passage on the prediction market Polymarket have risen above 60% for the first time in a month, according to a post by research firm Fundstrat. The market, titled 'Clarity Act signed into law in 2026?', currently shows a 61% probability, with a trading volume of $601,904. However, this marks a 5% decline on the day after a sharp rebound from the mid-40% range.
Adding to the positive sentiment, a coalition of over 100 cryptocurrency companies, organized by the Blockchain Association and the Crypto Council for Innovation, has formally urged the Senate Banking Committee to schedule a markup for the bill. The CLARITY Act, formally introduced as H.R. 3633, seeks to establish clear criteria for when a digital asset is classified as a security (regulated by the SEC) versus a commodity (regulated by the CFTC).
The industry's unified backing of this 'compromise' version is significant. Previous attempts at market-structure legislation, like the FIT21 Act, stalled partly due to internal industry disagreements. By converging on a single text, the coalition aims to demonstrate to lawmakers that the industry can speak with one voice. A committee markup is the critical procedural step where senators debate, amend, and vote on the bill, allowing it to advance to the full Senate floor. Without it, the legislation cannot progress.
Senator Thom Tillis, a key figure in the negotiations, previously indicated that the final bill text would not be released as quickly as hoped, implying ongoing talks over specific provisions. The coalition's letter is a strategic move to create public pressure for a concrete timeline. If the committee schedules a markup, it would signal that bipartisan support exists for the framework. A prolonged delay, however, risks losing momentum as the congressional calendar tightens.
The CLARITY Act is considered foundational for the broader crypto policy landscape. While other bills like the stablecoin-focused GENIUS Act move in parallel, market-structure rules are seen as more critical, setting the jurisdictional boundaries within which all other crypto regulations will operate.
