The crypto CLARITY Act is entering a decisive stretch in the U.S. Senate, with only days left before lawmakers leave for the August recess. SkyBridge Capital founder Anthony Scaramucci said the bill could still pass if it reaches the Senate floor, but warned that failing to secure a vote may end its current legislative effort.

Speaking in a CNBC interview, Scaramucci described the measure as facing both a policy dispute and a tight procedural calendar. The outcome, he said, now depends on whether lawmakers can resolve remaining disagreements quickly enough to begin the Senate process before the recess.

The bill has become a focal point for crypto industry participants seeking clearer federal rules, which is why the remaining dispute over enforcement authority has taken on significance beyond the immediate legislative calendar.

Ethics dispute complicates negotiations

According to Scaramucci, Democrats initially pressed the White House for stronger ethics provisions, including enforcement mechanisms that would carry meaningful consequences. The White House reportedly agreed to those demands, but lawmakers are now seeking additional authority for state attorneys general to enforce federal ethics rules.

Scaramucci said that request has created a difficult legal issue because it would apply state-level prosecution powers to crypto-related federal ethics matters without applying the same approach across the broader federal code.

“You can’t have the state just prosecuting the crypto and not all the other ethical potential violations in the federal code,” he said, arguing that such a proposal could require wider changes to federal ethics rules.

The two sides must find a compromise on the enforcement issue before the legislation can advance. Until that dispute is resolved, the bill remains exposed to delays at a point when the Senate calendar is already constrained.

Senate procedure becomes the immediate test

Although the ethics disagreement remains a significant obstacle, Scaramucci said the larger problem is now procedural. With only 14 days remaining before the August recess, lawmakers have limited time to complete the steps needed to bring the legislation to the Senate floor.

He said lawmakers would need to indicate by Thursday afternoon that the procedural process is underway in order to keep the bill on track. That timing has effectively turned the next stage of Senate scheduling into a critical test for the legislation.

The narrow window means the bill’s prospects may depend less on broad support for the measure and more on whether Senate leaders can move it through the chamber’s process before lawmakers depart. In the Senate, that procedural hurdle matters because a bill can retain political support yet still stall if leaders do not allocate floor time before a recess.

Scaramucci says floor vote would likely pass

Despite the unresolved issues, Scaramucci said he remains confident about the bill’s chances if it receives a Senate vote.

“If it gets to the floor, it’s gonna pass,” he said.

He framed that view largely in political terms. Scaramucci said younger Democratic lawmakers may be reluctant to directly oppose the crypto industry ahead of the November elections, especially as crypto-focused political action committees continue gaining influence.

“I think a lot of the younger Democrats are not gonna want to go up against the crypto bros and their PACs come November,” he said.

At the same time, he warned that the alternative would be severe for the legislation’s current push.

“If it doesn’t get to the floor, it dies a brutal death,” Scaramucci said.

Regulatory uncertainty could push firms overseas

Scaramucci also said failure to advance the CLARITY Act could encourage crypto companies to build outside the United States. He said industry leaders who have spent significant time and resources supporting the legislation may eventually decide to move business activity offshore if U.S. regulatory uncertainty continues.

That concern reflects a recurring argument from crypto executives: without clearer domestic rules, companies may prioritize jurisdictions where compliance expectations are more defined. Scaramucci’s warning ties that broader industry concern to the immediate Senate deadline.

With the August recess approaching, the next several days are expected to determine whether the CLARITY Act moves toward a Senate vote or loses momentum in its current form.