The Senate’s September 15 cloture vote on H.R. 3633, the CLARITY Act, would open formal consideration rather than decide final passage and remains the first major test of whether the bill can secure 60 votes. Coinbase CEO Brian Armstrong, speaking on the Katie Miller Podcast on August 26, said President Donald Trump recently convened industry participants and regulators to advance the measure, which he expects would establish clearer crypto market rules and a framework more durable across administrations. Crypto executives continue to urge compromise on stablecoin rewards, ethics rules, and related disputes, arguing an imperfect but lasting statute beats reversible agency guidance and that further delay could slow institutional investment and push infrastructure offshore. Armstrong framed blockchain’s expansion beyond Bitcoin into payments, lending, prediction markets, and real-world asset tokenization—including tokenized stocks and on-chain funds—and cited agentic finance and machine-to-machine payments as another adoption catalyst, while tying self-custody to broader economic freedom. The bill would clarify when digital assets are securities or commodities, set exchange registration rules, and give the CFTC authority over regulated crypto spot markets; public backers include BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi. Galaxy Research head Alex Thorn has cut 2026 passage odds to 10%, warning failure before this Congress ends could force a restart in 2027.