CLARITY Act ‘Dead in the Water’ for 2026, Investors Say, as CZ Predicts $1M Bitcoin ‘Quickly’

Key Takeaways

• CNBC reporter Tanaya Macheel said many investors she speaks with believe the CLARITY Act is effectively "dead in the water" for 2026 and could slip into 2027.

• The Senate's next procedural vote is scheduled for Sept. 15.

• Binance co-founder Changpeng Zhao believes Bitcoin will reach $1 million much sooner than 25 years and could surpass gold during the next bull market.

Investor confidence that the CLARITY Act will become law this year is rapidly deteriorating, despite lawmakers scheduling a crucial Senate vote for Sept. 15.

CNBC reporter Tanaya Macheel said many investors she has spoken with now consider the legislation effectively "dead in the water" for 2026 and expect the process to stretch into 2027.

However, the increasingly gloomy regulatory outlook has not stopped Binance co-founder Changpeng "CZ" Zhao from making one of Bitcoin's most bullish long-term forecasts.

Speaking at Bitcoin Asia 2026, Zhao claimed Bitcoin will reach $1 million "much quicker" than within the next 25 years and could eventually become more important than gold.

Investors Expect CLARITY Act Delay Until 2027

During an appearance on CNBC's The Exchange, Macheel said the investors she speaks with have become increasingly doubtful that Congress can complete the legislation this year.