The odds of the CLARITY Act passing once plummeted sharply from 82% to just 10%. However, the path for this regulation is not yet closed. Speaking on stage at the SALT Conference, Senator Cynthia Lummis announced that the bill is officially scheduled to enter the Senate voting phase on September 15 at 2:00 PM.
The scheduling of this vote comes alongside a shift in attitude from federal policymakers in the United States. The strongest signal of change comes from the Commodity Futures Trading Commission (CFTC), which is beginning to shift its approach to digital assets.
Closed-Door Meeting at the White House
CFTC Chairman Mike Selig strongly highlighted the slow adoption of new technology in the financial system. He mentioned that for years, industry innovation has been held back by a group he dubbed “the anti-crypto army, doomers, and those who reject acceleration.” Selig confirmed his agency is now taking a different stance.
“The CFTC is turning the page and navigating the new frontier of finance as an innovator,” Selig said.
This new move by the CFTC precedes a crucial White House agenda scheduled for August 19. The government is opening its doors for industry leaders to meet and discuss directly. The lineup of invited executives includes figures from Coinbase, Ripple, a16z, Chainlink, Paradigm, and Kalshi. On the policymaker side, President Trump, SEC Chairman Paul Atkins, and CFTC Chairman Selig are highly likely to join the same table.
Stablecoin Rules Deadline
Although the channel of political dialogue is opening wider, warnings are actually coming from within the industry. CEO of Lynq, Jerald David, emphasized that regulatory clarity from the government alone is not enough to secure crypto operations. The market is still facing fundamental obstacles related to transaction settlement infrastructure, which must operate 24 hours a day, seven days a week without interruption.
In another executive branch, the US Department of the Treasury is also drafting new enforcement measures through the proposed GENIUS Act Part 3 rules. This rule is specifically designed to restrict the operations of stablecoin issuers with tight deadlines. A full license will become a mandatory requirement starting January 18, 2027. If the related entity fails to obtain the license by July 18, 2028, the stablecoin issuer will be immediately subject to an operating ban.
The high-level meeting in August and the scheduling of the Senate vote in September create a crucial timeframe. Between the demands of technical infrastructure readiness and regulatory licensing deadlines from the government, the direction of crypto policy will soon be tested in the real world.
Reported from @Cointelegraph on X.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
