Trump meets senators as CLARITY Act heads toward Senate vote

Trump has stepped up efforts to advance the Senate’s crypto market structure bill by convening key Republican senators at the White House as lawmakers push to secure a floor vote before the August recess.

According to Politico, President Donald Trump is scheduled to meet several Republican senators at the White House on Thursday to discuss the Senate’s crypto market structure bill and the remaining steps needed to move it toward a vote.

Senator Bernie Moreno told the publication that lawmakers will brief Trump on the legislation and “its path to success,” while a Senate Republican aide confirmed that Senator Cynthia Lummis will also attend the meeting.

“We’ll be talking about the entirety of the bill. I mean, obviously the president’s been very engaged in this bill,” Moreno said. “He’s the one who’s really driven the innovation that I think will pay dividends.”

The White House meeting comes as Senate Republicans work to pass the legislation, known as the CLARITY Act, before lawmakers leave Washington for the August recess. Many lawmakers have described the current work period as the best opportunity to move the bill before campaigning for the midterm elections intensifies.

Senate negotiations continue ahead of expected floor vote

Speaking to Politico, Senator Thom Tillis said he hopes lawmakers can resolve the remaining issues by the end of the week so the legislation can reach the Senate floor before the recess.

“I’m hoping that we can come up with some agreement by the end of this week,” Tillis said. “I think it’s critical if we’re going to try and get this across the floor before August recess.”

Attention has also turned to a revised draft of the bill. In an interview with Fox Business on Wednesday, Lummis said an updated version will be introduced within the next few days and said she expects the legislation to reach the Senate floor next week.

The Senate measure has been under negotiation for months, with lawmakers still discussing conflict-of-interest provisions, protections for non-custodial software developers, and rules governing stablecoin-related rewards. Senate Majority Leader John Thune previously said the chamber would vote on the CLARITY Act before the August recess, although he did not commit to a specific date.

The legislation requires 60 votes to pass, meaning Republicans will need Democratic support after the House approved its version of the bill last year.

Meanwhile, several Democratic senators have continued pressing for stronger ethics safeguards before backing the legislation. Senators Chris Murphy, Jeff Merkley, and Chris Van Hollen have argued that the final bill should explicitly prevent the president, vice president, members of Congress, senior executive officials, and their immediate families from profiting from crypto businesses that could be affected by future regulation.

Murphy said during a July 14 press conference that “there is no reason to pass a new regulatory system for crypto if this system does not stop Trump’s corruption,” linking his criticism to President Trump’s reported financial interests in World Liberty Financial and other crypto ventures. Trump has denied wrongdoing related to his digital asset businesses.

Prediction markets see better odds of Senate action

Away from Capitol Hill, prediction market traders have become more confident that the legislation will receive a Senate vote before lawmakers leave for the August recess.

On Kalshi, traders have raised the probability of a Senate vote before the recess to 79%, up from 68.8% a day earlier.

Confidence about the bill becoming law remains more restrained. Kalshi’s roughly $3 million market assigns a 36% chance that the CLARITY Act will become law this year and a 62% chance that it will be enacted before the end of 2027.

On Polymarket, traders currently place a 39% probability on the CLARITY Act being signed into law during 2026.