House cancels September sessions, risking CLARITY Act delay

The U.S. House of Representatives has canceled two weeks of September sessions, raising concerns about the timely passage of the CLARITY Act, a significant bill aimed at structuring digital asset markets. This development means the House will have limited time to address any Senate amendments to the bill before a potential post-election vote. The CLARITY Act had previously passed the House in July 2025 with a strong bipartisan vote, but it has not yet cleared the Senate, where a procedural vote is scheduled for September 15, 2026. The market for the CLARITY Act being signed into law in 2026 is currently priced at 17.5% for a YES outcome, reflecting a slight increase from previous days despite the recent setback. The decision to cancel sessions could delay the legislative process, as any changes made by the Senate would require a subsequent House vote. With the House now having a narrower window in mid-September to act, concerns are mounting about the bill’s trajectory. Market participants appear to interpret this cancellation as a significant risk to the CLARITY Act’s timely enactment, which could lead to a decrease in the likelihood of it being signed into law this year. Key Takea...