Senate Keeps Clarity Act Alive With Crypto Bill Vote Set for September
The Senate has begun the formal process for a vote on the Clarity Act, with Majority Leader John Thune filing cloture to move the crypto market-structure bill toward a September vote. The first procedural test is set for September 15, after the August recess. This is only a step toward consideration, not final passage, but it shows Republican leadership wants the bill to be an early priority. If enacted, the bill would create a clearer legal framework for most U.S. crypto activity by dividing oversight between the SEC and CFTC, with much of the industry falling under CFTC rules. Republicans still need about six Democratic votes to clear the 60-vote threshold, and that support has not materialized yet. Key unresolved issues include illicit-finance safeguards, stablecoin yield and rewards, and ethics provisions tied to President Trump’s crypto holdings. If the Senate approves it, the bill would still need another House vote before reaching Trump.
