An updated draft of the Digital Asset Market Clarity Act is expected to be released this week, combining versions from the Senate Banking and Agriculture committees and adding roughly 70 pages, according to individuals familiar with the negotiations. The draft does not include an ethics provision and is not yet ready for a vote, sources said.

Lawmakers have indicated that a Senate floor vote could occur during the week of July 20 or July 27, a timeline that would require at least 60 votes and the support of several Democrats, given potential Republican opposition, the sources added. Senate Majority Leader John Thune said in July that he was willing to schedule a vote, but the presence of contentious issues may affect the required bipartisan support.

The White House has been less engaged recently, though some officials say it may wait to see how other disputes are resolved before taking a position, the report noted. President Trump’s $1.4 billion crypto holdings and his stance on ethics are expected to influence the floor vote, with analysts suggesting that without an ethics agreement Democratic senators may be unlikely to back the bill.

A provision in the housing bill that bars the Federal Reserve from issuing a central bank digital currency for four years took effect on Saturday, removing a potential conflict that could have stalled the Clarity Act negotiations.

Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital moved into AI equities and Bitcoin ETFs recorded their largest quarterly outflow, according to a quarterly review report.