The U.S. Senate is scheduled to hold an initial procedural vote on the Digital Asset Market Clarity Act of 2025, known as the CLARITY Act, on September 15, a step toward defining federal jurisdiction over digital commodities and securities. The vote would not guarantee final passage. House consideration could slip into a lame-duck session amid possible changes in congressional control, keeping the bill’s path uncertain for crypto-linked firms including Coinbase, Robinhood, MicroStrategy, Circle and Bitmain. Prediction-market pricing shows moderate skepticism about enactment in 2026, though odds of the Act being signed into law by January 2027 have risen slightly to 16.5% from 14% a week earlier. Markets will watch Senate and House developments plus signals from President Trump, Senate Majority Leader Chuck Schumer, House Speaker Mike Johnson, White House officials and committee chairs.