CLARITY Act faces Senate deadline: Can it pass before recess?
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As the digital asset industry enters 2026, the usual “new year, new market” optimism has given way to a high‑stakes countdown in Washington. Attention is now firmly set on the 15th of January, the expected launch date of the CLARITY Act. For context, this act is landmark legislation designed to end the long‑standing era of “regulation by enforcement” that has burdened U.S. crypto firms for years. However, getting the bill passed is becoming increasingly difficult. Senators will discuss the CALRITY Act According to Punchbowl News, the Senate Banking Committee is entering a ‘make-or-break’ phase, with a critical bipartisan meeting scheduled for 6th January. This isn’t just another routine briefing. Lawmakers are making a final push to align the Senate’s version of the market structure bill before time runs out. Interestingly, the timing is extremely tight. With the Martin Luther King Jr. Day recess approaching, time is running short for lawmakers. They now have less than two weeks to resolve ongoing disputes over DeFi regulation. In addition, lawmakers must also decide how to divide authority between the SEC and the CFTC. Remarking on this urgency, Punchbowl News’ finance reporter Brendan Pedersen said, “January is crunch time for the Senate Banking Committee on this effort to retool the shape of the financial system.” Roadblocks ahead… The months-long dead end that blocked progress in late 2025 has broken down the usual bipartisan cooperation. Efforts to integrate digital assets into the U.S. financial system remain stalled. The main obstacle is disagreement among lawmakers over DeFi oversight and the SEC’s authority. This tension has now reached a critical point under the leadership of Committee Chair Tim Scott. According to Pedersen, Scott’s meeting on the 6th of January followed a December warning that time to reach a deal was running out. Scott has signaled that if the deadlock…
Filed under: News - @ January 6, 2026 11:27 am