The CLARITY Act is scheduled for a procedural vote in the U.S. Senate on September 15 and requires 60 votes to advance. Republicans hold 53 seats, meaning the bill needs Democratic support. Prediction markets currently assign a low probability to its passage in 2026, and a failed vote would narrow the routes for enactment this year. Grayscale research head Zach Pandl said lawmakers could revisit the legislation during a post-election lame-duck session or in a future Congress. He added that U.S. regulatory frameworks are gradually becoming clearer in areas including stablecoins, token issuance, tokenized securities and perpetual contracts, even without the CLARITY Act. Pandl said the bill remains important because only Congress can establish a comprehensive and durable division of authority between the SEC and CFTC.