# Coinbase says CLARITY Act is “on the one‑yard line” as Senate vote

**Published:** 2026-07-20T18:00:45.224Z  
**Topic:** Coinbase  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/5a859921-d999-4d5f-b431-dd1cb7ceaf06

Coinbase Vice Chair Ryan VanGrack calls the Digital Asset Market CLARITY Act “on the one‑yard line,” citing Senate floor‑vote push and a drop in Polymarket

Coinbase Vice Chair Ryan VanGrack told Fox Business that the Digital Asset Market CLARITY Act is “on the one‑yard line,” reflecting Senate leadership’s effort to schedule a floor vote in July before the August recess [1]. The bill’s progress matters because it would create a market‑based regulatory framework for crypto assets, addressing ethics concerns that have stalled earlier attempts at comprehensive legislation.

| At a glance | |
|---|---|
| Senate floor‑vote target | July (before Aug recess) |
| House backing | 78 Democrats supported the measure [1] |
| Polymarket odds (2026 passage) | 39% (down from 74% a month earlier) [1] |
| Key advocate | Rep. French Hill urging Senate schedule [1] |

## Legislative push and timing  
Rep. French Hill, chair of the House Financial Services Committee, used a July 10 interview on *Mornings with Maria* to press Senate leaders for a July floor vote, arguing that a deadline will force consensus [1]. He thanked bipartisan senators—including Kirsten Gillibrand, Cynthia Lummis, John Boozman and Tim Scott—for working toward a deal and highlighted the 78‑member Democratic coalition that passed the bill in the House a year earlier [1]. Hill plans a field hearing in New York next week, led by Rep. Bryan Steil, to further pressure the Senate [1].

## Market perception and odds  
The CLARITY Act’s prospects have sharply shifted in prediction markets. Polymarket’s price for a 2026 passage fell from 74% in the prior month to 39% this week, indicating reduced confidence among traders [1]. CFTC Chairman Michael Selig warned that a stalled bill could leave regulatory authority to agencies, while Coinbase’s VanGrack framed the legislation as essential for investor protection and U.S. leadership in crypto [1].

## Stakeholder views  
Critics point to former President Trump’s crypto ventures—specifically a $TRUMP meme‑coin licensing and World Liberty Financial token sales tied to an estimated $1.4 billion 2025 income—to argue that the bill must address potential conflicts of interest [1]. Hill counters that a market framework would bring the transparency those critics demand, likening the stablecoin law (GENIUS Act) to a “cell phone not connected to a network” and the CLARITY Act to the missing network [1].

## What to watch  
- **Senate floor‑vote date** – Confirmation of a July vote before the August recess will signal momentum.  
- **Polymarket odds** – Further movement in prediction‑market pricing will reflect market sentiment on legislative success.  
- **Field hearing outcomes** – Statements from the New York hearing on July [date unspecified] could reveal bipartisan support or new objections.

The CLARITY Act sits at a pivotal juncture: a Senate floor vote could lock in a market‑based regulatory regime, but lingering political and ethical concerns keep its fate uncertain.

## Sources
1. Bitcoin Magazine — [U.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns](https://bitcoinmagazine.com/news/u-s-house-urge-senate-vote-clarity-act)
2. Fox Business — [Coinbase: CLARITY Act is ‘on the one-yard line,’ optimistic it will become law](https://www.foxbusiness.com/video/6400794171112)

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Cite as: TrendWatcher, "Coinbase says CLARITY Act is “on the one‑yard line” as Senate vote", https://www.trendwatcher.in/article/5a859921-d999-4d5f-b431-dd1cb7ceaf06