Congress remains out of session as the Clarity Act awaits final Senate and House votes before a possible 2026 signing, according to recent reports. The legislation, which aims to establish a regulatory framework for cryptocurrency, has been under discussion since early 2026, with staff from the Senate Agriculture and Banking Committees reconciling differing versions. Officials said that a short period of debate and a cloture vote requiring 60 supporters could allow the bill to pass quickly once the chambers reconvene. The House has faced procedural challenges, and media reports indicate that the majority leaders' to‑do list may be difficult to complete before the midterm elections. President Donald Trump's 2025 financial disclosure showed approximately $2 billion in total income, with about $1.4 billion derived from crypto‑related activities, prompting senators such as Elizabeth Warren and Ruben Gallego to call for ethics provisions that would prevent elected officials from profiting from the industry. While the disclosure provides a concrete figure for critics, negotiators said that final agreement on the ethics language remains a key outstanding issue. The Supreme Court's recent ruling allowing the president to dismiss independent agency commissioners has not substantially altered the negotiation dynamics. If the bill passes both chambers, President Trump would need to sign it, though he has not signed the recent bipartisan housing bill and could exercise a similar veto or allow it to become law automatically after ten days. The Senate must act before August 7, the last day of its term, after which members will return to their home states for the campaign season. The outcome of the Clarity Act remains uncertain as Congress resumes session in September and the 2026 election cycle progresses.