CLARITY Act Feared Delayed Until 2027, Large Crypto Enterprises May Leverage Regulatory Vacuum to Expand Advantage

TechFlow news, August 6, according to Cryptopolitan, the US Senate will enter recess on August 7, leaving an extremely limited window for the CLARITY Act to pass before then. If voting is not completed this week, the next feasible time window will be postponed to September, and if missed again, it may be delayed until after the midterm elections, meaning it could only be implemented in 2027. The main divergence in the bill currently lies in the Democrats' insistence on adding crypto ethics provisions for senior government officials, but the consolidated draft has not yet incorporated relevant language.

During the regulatory vacuum, large institutions such as Coinbase and Circle are better equipped to adapt to the uncertain environment due to their capital strength—ARK Invest increased its holdings in both companies this week, and Circle was approved for a federal national trust bank charter in July—while small and medium-sized crypto enterprises and DeFi projects continue to face pressure. In terms of the market, Polymarket data shows that the probability of the CLARITY Act passing within 2026 has dropped to 23%, a significant decline from Galaxy Research's prediction of 67%–75% in mid-May.