Senate abandons August CLARITY Act vote – leaving 14 ‘work days’ until midterm election season kills it
The Senate will not vote on the CLARITY Act before the August recess. Majority Leader John Thune said the bill will wait until lawmakers return on Sept. 14, after negotiators failed to lock in 60 Senate votes. The main sticking points are banking protections around crypto rewards for stablecoins, Democratic demands for stronger anti–money laundering and sanctions rules, and ethics concerns tied to Trump-family crypto ties. The delay has sharply reduced market expectations for passage this year. Supporters still see September as the best remaining window, but the legislative calendar is tight, with funding bills, nominations, and the election season competing for floor time. If the bill slips much further, it could be pushed into the lame-duck session or even expire with the current Congress. Crypto industry leaders are continuing to lobby during the recess.
