CLARITY has one day left... here's how it ends

Today is the last day for the CLARITY Act. Here are all possible outcomes. Tether is tokenizing Saudi real estate. And Anvil wants to rewire how credit works. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SPONSORED BY Thursday, August 6, 2026 Here are the possible outcomes for the CLARITY Act right now Tomorrow — August 7 — is the last realistic day for CLARITY Act action before the Senate's summer recess. Majority Leader Thune must file cloture tonight if he wants to hold a first procedural vote before everyone goes home; if he doesn't, the Senate could still extend its session into next week, or return in September with 14 working days and a narrower window. The outstanding issues are significant: ethics language enforcement (DOJ vs. state AGs), illicit finance provisions, and agriculture-related items are still being negotiated. Nikhilesh De maps every possible path from here — pass tonight, extend the session, delay to September, or die in 2026 — with the specific conditions that would make each one happen. If you're trying to understand what the Senate vote noise means as it develops today, this is the piece to read. Read more → A message from CME Group We are proud to announce that Nasdaq CME Crypto Index futures are now live and available to trade 24 hours a day, seven days a week. Combining Nasdaq's expertise in world-class indexing with our liquid, transparent and CFTC-regulated marketplace, this launch continues to deepen our partnership. The result is a groundbreaking new way for you to gain exposure to a significant portion of the cryptocurrency market — including bitcoin, ether, XRP, Solana, Cardano, Stellar, Chainlink and newly added Bitcoin Cash — all within a single, financially settled transaction. Why trade Nasdaq CME Crypto index futures? Broad exposure, simplified: Instead of trading multiple assets, you can access a basket of the world's leading cryptocurrencies in one trade. Capital efficiency: Control a larger position with a smaller capital outlay and benefit from potential margin offsets. Right-sized trading: Choose between larger- or Micro-sized contracts to precisely scale your strategy — anywhere, anytime. Find out more Research · Sponsored by Anvil Anvil: The missing collateral layer Secured credit is the cheapest form of borrowing in the global economy — and the least accessible, because the cost of verifying and enforcing a collateral claim is largely fixed regardless of deal size, pricing out smaller borrowers entirely. DeFi proved that cost can be driven toward zero, but built a lending product that still required taking on debt. Anvil proposes something different: a programmable on-chain letter of credit that lets any holder pledge assets as a guarantee without becoming a borrower — no loan, no interest, custody and yield retained until the guarantee is called. CoinDesk Research examines whether the primitive can extend secured credit beyond crypto into the $250 trillion global credit market. Read more → Business Tether expands tokenization business into Saudi Arabia, starting with real estate Tether is bringing its Hadron tokenization platform to Saudi Arabia through a partnership with local firm First Data and fintech BKN301, starting with institutional real estate assets and with plans to expand into energy, infrastructure, and other asset classes. The move gives Tether a foothold in a market aggressively pursuing financial modernization under Vision 2030, where the government has made enterprise blockchain a priority across financial services and supply chains. Citi projects the tokenized securities market could reach $5.5 trillion by 2030; Tether, already the issuer of the largest tokenized gold product at $2.6 billion, is positioning Hadron as the infrastructure layer for that build-out well beyond the U.S. and Europe. Read more → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.