CLARITY Act Hits Snooze Button: Senate Text Slips to Next Week, 2026 Odds Tank to 31% 🧾

The release of new legislative text for the CLARITY Act has been pushed to next week, according to journalist Eleanor Terrett, who reported that "updated legislative text remains elusive following yesterday's meeting between President Trump and Senate Republicans on ethics." The delay follows a Thursday meeting between President Donald Trump and Senate Republicans in which no revised language was unveiled. Terrett added on X that "industry leaders tell me they're now preparing for the rollout of text to slip into next week."

The postponement has shifted sentiment on prediction markets. Per Polymarket, the implied probability that the CLARITY Act will pass in 2026 has fallen to 31%, reflecting growing doubt that lawmakers can resolve significant political differences in time. The bill remains one of the most closely watched pieces of crypto legislation in Washington, with industry participants awaiting clarity on digital asset market structure.

Meanwhile, the House Financial Services Committee's Republican field hearing is scheduled to take place in New York at 10 a.m. ET, Terrett said. The session is set to examine the role of the CLARITY Act in fostering innovation around digital assets. Terrett noted the hearing is informational in nature and "does not affect the Senate's consideration" of the bill.

The CLARITY Act has drawn sustained attention from crypto market participants because it would shape the regulatory framework governing digital asset trading, custody, and oversight in the United States. Any revised text is expected to be parsed by industry lawyers and trade groups for changes to definitions, jurisdictional boundaries, and compliance timelines.

With the text now expected next week and Senate consideration on a separate track from the House hearing, the calendar for final passage in 2026 remains uncertain, leaving prediction markets to recalibrate as new developments emerge.