CLARITY Act Moves Closer to Senate Vote as Crypto Traders Bet on 2025 Passage

The CLARITY Act is one step closer to advancing in the U.S. Senate after reports revealed that the Senate Banking Committee has selected January 15 as the tentative date for marking up the long-awaited crypto regulation bill. This development has renewed optimism across the digital asset industry, as crypto traders increasingly bet that the CLARITY Act could become law in the first half of next year.

According to a report from Crypto in America, members of the Senate Banking Committee have internally agreed on the markup timeline. While this signals progress, uncertainty remains over whether lawmakers from both parties have reached sufficient consensus to ensure a fully bipartisan vote. A successful bipartisan markup would be crucial for the bill to advance smoothly to the Senate floor.

Earlier reports indicated that negotiations around the CLARITY Act were delayed until 2025 due to several contentious issues. These included stablecoin yield restrictions linked to the GENIUS Act, token classification standards, illicit finance concerns, and ethics provisions within the broader crypto framework. The delay raised concerns that the bill could face the same legislative hurdles that slowed other crypto-related proposals.

However, the newly reported markup date suggests that Republicans and Democrats may have resolved at least some of these disagreements. Once the Banking Committee votes on amendments, the CLARITY Act could proceed to a full Senate vote. At that stage, bipartisan backing will be essential to prevent further delays similar to those experienced by the GENIUS Act.

If passed, the CLARITY Act would likely become the second major crypto bill enacted into U.S. law, offering a more comprehensive regulatory framework for digital assets. Industry players see the bill as a potential catalyst for market growth. Crypto ETF issuer Bitwise has suggested that Ethereum and Solana could reach new highs if the legislation becomes law.

Market sentiment reflects growing confidence. Prediction market Kalshi currently shows a 42% probability that the CLARITY Act will become law before April, with odds rising to 69% before May, underscoring strong expectations for progress in early 2025.