Following Senate delay, crypto bill has a narrow window to become law
Summary
The CLARITY Act is expected to face a Senate cloture vote in September, but its path to becoming law remains uncertain. Senate leaders filed cloture before the August recess, and lawmakers return with only 36 scheduled session days before year-end, leaving little time to resolve disputes and pass the bill. Key unresolved issues include ethics provisions tied to Donald Trump’s crypto ties and possible restrictions on stablecoin rewards. The Senate has already had 13 months to act since the House passed the bill, but progress has been slowed by shutdowns, industry pushback, and Democratic criticism. If Congress stalls, regulators such as the SEC and CFTC may step in with their own crypto rules and oversight.
