CLARITY Act’s September 15 vote faces delay – ‘Can Democrats work with Republicans?’

September has kicked in, and so the hopes around the CLARITY Act approval have also surged.

However, that hope seems to have been thrown in the trash as the House of Representatives has effectively assigned itself only one meaningful week of legislative session in September before the midterm elections.

The pot is stirring

According to reports, the House Republican leadership has canceled the previously scheduled voting weeks of 21st and 28th September. As expected, this has also pushed the voting for the CLARITY Act. This is because the House may have only a handful of voting days in mid-September. 

So even if the Senate manages to move quickly and pass CLARITY, there may not be enough time for the House to take up the Senate-passed bill before members leave Washington to campaign. Given there are still major disagreements over the substance of the bill, the delay is guaranteed. 

Optimism remains

Yet despite the ongoing FUD (fear, uncertainty, and doubt) around the approval of the market structure bill, House Financial Services Committee Chairman French Hill said that 15th September is an important test for the CLARITY Act.

But he also reiterated that it is not a vote that would make the bill law. Speaking with Fox Business, Rep. Hill said, 

…we passed the CLARITY Act in the House last summer with 78 Democratic votes. It is time for the Senate to join us and pass the CLARITY Act.

He added, 

This important vote that Leader Thune has scheduled September 15th at 3:00 pm will make the determination, can Democrats work with Republicans and make sure America leads the world in distributive ledger technology and financial services?

What to expect?

However, with the Polymarket odds of the CLARITY Act approval sitting at 18%, a huge drop from earlier days, dubiety remains. 

Now, while there is a delay in the approval of the CLARITY Act, the SEC and CFTC are moving ahead with their own crypto rulemaking.

Therefore, if the CLARITY Act stalls, regulatory activity could accelerate—though it remains uncertain whether agency-led rules alone will be enough to unlock the institutional capital waiting for legislative clarity.

Final Summary

• Thanks to the scheduled voting weeks, the CLARITY has been delayed further.
• The dropping Polymarket odds have raised further concern to the ongoing FUD.