Trump to Meet Senators on CLARITY Act: Final Push for Crypto Regulation

US President Donald Trump is set to meet with senators to push for the passage of the CLARITY Act before the Senate's August recess. The bill, which has been signed into law four times, aims to regulate the crypto market structure and remains under debate in the Senate. Senator Cynthia Lummis and Senator Bernie Moreno, who will attend the meeting, have indicated a revised draft will be prepared. Kalshi's prediction market shows a 79% chance of the Act being debated in the Senate, though traders remain skeptical about its passage, with a 36% chance of becoming law in 2026 and a 62% chance by the end of 2027. Polymarket estimates a 39% probability of the Act being signed this year. This meeting marks a critical final push for the crypto industry to navigate regulatory challenges ahead of the midterm elections.

The passage of crypto regulations at this stage is pivotal for long-term industry growth, though political dynamics and election season complexities may hinder its implementation.