US Senate will vote on CLARITY crypto bill ‘without any question’ this week: Tim Scott
Summary
Sen. Tim Scott said the Senate should vote on the Digital Asset Market Clarity (CLARITY) Act before the August recess, with only a few days left to act. He said Senate Majority Leader John Thune still has time to schedule a cloture vote and that the chamber “has the time to get it done.” His remarks echoed Sen. Cynthia Lummis, who also pushed for a pre-recess vote. If brought to the floor, the bill would need 60 votes to advance. Remaining obstacles include Democratic concerns about President Trump’s crypto investments and banking industry calls to add licensing and stablecoin-related restrictions for crypto firms.
