Trump to Hold Senate Talks on CLARITY Act Thursday, Politico Says

U.S. President Donald Trump is scheduled to meet with multiple senators at the White House this Thursday to discuss the status of the crypto market structure bill—commonly referred to as the CLARITY Act—and how momentum for the legislation can be sustained.

According to Politico, Senator Bernie Moreno said a group of senators will brief the president on the bill and “its path to success,” with Senator Cynthia Lummis also expected to attend, according to a Senate Republican aide. The meeting arrives as lawmakers try to finalize a revised version of the bill before the Senate’s August recess.

Key takeaways

• Trump is set to meet with senators Thursday on progress toward passing the CLARITY Act.
• Lawmakers are racing to agree on unresolved provisions and move toward a Senate vote before the August recess.
• Senator Cynthia Lummis says a new draft will be introduced in the coming days and could reach the Senate floor next week.
• Prediction market pricing currently implies a higher likelihood of a pre-recess Senate vote than of the bill becoming law this year.

White House meeting signals push for urgency

The White House discussion is framed as part of a broader push to keep the CLARITY Act moving through the legislative process. Moreno, speaking to Politico, said senators would review “the entirety of the bill” with the president, adding that Trump has been closely engaged with the effort.

Moreno’s remarks underscore how the initiative is being treated as a political and regulatory priority rather than a routine bill. For investors and builders, the potential stakes are straightforward: a clearer federal market-structure framework could affect how crypto-related products and services are regulated, what compliance pathways look like, and how market participants prepare for enforcement risk.

The meeting also points to how timing has become central. The push is being designed around the Senate calendar, with lawmakers seeking what they describe as the last realistic chance to pass the bill before midterm elections.

Lawmakers seek agreement before the August recess

According to Politico, senators are aiming to reach agreement by the end of this week. Senator Thom Tillis—identified by Politico as one of the lawmakers working through “unresolved provisions”—said he is hoping negotiators can come to terms before the August recess window closes.

“I think it’s critical if we’re going to try and get this across the floor before August recess.”

That statement highlights the bill’s current status: while the legislative push is moving forward, negotiators still appear to be addressing remaining sticking points that could determine whether the bill can secure enough support to advance.

Lawmakers are reportedly awaiting a revised draft of the legislation, which is expected to clarify or adjust the provisions that have slowed progress. The existence of an updated draft matters because it can change what senators consider “vote-ready,” and because revisions often influence how stakeholders—such as financial intermediaries, exchanges, and compliance teams—assess operational readiness.

Senator Lummis: revised bill soon, Senate vote likely next week

In an interview on Fox Business on Wednesday, Senator Lummis said a new draft version of the CLARITY Act will be introduced in the next few days and that she expects it to be on the Senate floor next week.

The prospect of a refreshed text entering the floor schedule suggests that negotiations are nearing a stage where the remaining questions are either narrowed or resolved enough to allow a formal vote process to begin. For market participants, the practical implication is that uncertainty may be compressed quickly—though the exact policy content of the revised draft is what ultimately determines whether support broadens or fractures.

Cointelegraph attempted to reach Lummis for further comment.

Prediction markets: pre-recess vote seems more likely than passage into law

While lawmakers try to close the gap on legislative details, traders are also publishing their expectations through prediction markets. On Kalshi, traders have assigned a 79% chance that the Senate will vote on the CLARITY Act before the August recess, up from 68.8% the previous day, according to the current market view on the platform.

At the same time, those markets still reflect skepticism about the bill becoming law within the same calendar year. A $3 million Kalshi market gives the legislation a 36% chance of becoming law in 2026, and a 62% chance of doing so before the end of 2027.

Polymarket traders similarly place the chance lower for near-term enactment, pricing a 39% probability that the CLARITY Act will be signed into law this year.

Together, these two sets of odds point to a common pattern in Washington timelines: a vote can be scheduled well before final enactment, but turning that vote into signed legislation can require additional steps, bargaining, or reconciliation of competing priorities.

What to watch next

The next key developments are the arrival of the revised CLARITY Act draft and whether it secures enough support to get scheduled for a Senate floor vote—especially given the compressed timeline ahead of the August recess. Traders and lawmakers will likely treat the updated text as the moment when remaining unresolved issues move from negotiation to decisional politics, with follow-through into final passage still far from guaranteed.