The CLARITY Act faces a significant scheduling setback after U.S. House leadership canceled sessions for the final two weeks of September and scheduled the midterm elections recess to begin by September 17. The Senate has set a cloture vote, a procedural vote to advance legislation, but even Senate passage would require the House to vote on the chamber’s amendments. That vote now appears unlikely before the House returns in mid-November after the midterm elections. The bill also faces uncertainty during year-end lame-duck sessions, as Polymarket gives Democrats a 90% chance of taking the House and a 52% chance of taking the Senate. Polymarket puts the odds of President Trump signing the bill into law this year at 17%, down from above 20% in late August. SEC Chair Paul Atkins expressed optimism about the Senate’s September 15 vote, while the SEC is separately pursuing proposed rulemakings, including the Reg Crypto framework and planned Innovation Exemption guidance for tokenized securities.