stable coins
By Dan Saada
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What the CLARITY Act Actually Does. The bill's core job is to draw lines. Right now, the digital asset industry operates in a kind of…
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The Ethics Fight Nobody Saw Coming. Here's where things get messy. A bipartisan group of lawmakers has been working on an ethics…
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What Happens After September 15. When the Senate comes back, the cloture vote happens first.
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The U.S. Senate is moving — maybe — on crypto. Senate Majority Leader John Thune filed for cloture on the Digital Asset Market Clarity Act, known as the CLARITY Act, a procedural…
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Cloture is the mechanism that cuts off debate and forces a floor vote. It's not a vote on the bill itself.
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The bill's core job is to draw lines. Right now, the digital asset industry operates in a kind of regulatory fog, with both the Securities and Exchange Commission and the…
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That's genuinely important for exchanges, token issuers, and pretty much anyone running a crypto business in the U.S.
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But the bill isn't just about market structure. It's also carrying a lot of political weight that has nothing to do with blockchain mechanics.
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That's a loaded fight. Getting any ethics provision through a Republican-controlled Senate is hard.
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Related: Senate Clarity Act Vote Pushed Past August Recess by Thune
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So the cloture filing is real progress, probably. But it's also a procedural move that doesn't resolve any of the underlying disagreements.
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No details yet on whether a deal is close. Unclear if the addendum language has been agreed upon, or whether it's still being negotiated heading into September.
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When the Senate comes back, the cloture vote happens first. If it clears 60 votes, debate on the CLARITY Act can begin.
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The stablecoin piece is also unresolved. Stablecoin regulation has been its own separate legislative fight for years, and folding it into the CLARITY Act creates another…
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Read also: Senate Sets September 15 Cloture Vote on H.R. 3633 Crypto Market Bill
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