Regulations
By Sakamoto Nashi
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What the CLARITY Act Actually Does. The bill's core goal is pretty straightforward: build a federal framework for digital asset…
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The 60-Vote Problem and Cloture Math. Here's where it gets procedurally messy. To even bring the CLARITY Act to a floor vote,…
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What September Actually Looks Like. The Senate calendar after recess is always tight. There's budget work, appropriations fights, and…
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The Senate is going on recess. And the CLARITY Act isn't going with it.
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Senate Majority Leader John Thune confirmed the vote on the crypto market structure bill won't happen before August recess, pushing any real action to September at the earliest.
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Thune said he wants the bill treated as a priority once the Senate comes back. He acknowledged the work put in by bill sponsors, including Senator Cynthia Lummis, who has pushed…
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The bill's core goal is pretty straightforward: build a federal framework for digital asset markets and draw a clear line between what falls under the SEC and what falls under…
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That kind of clarity — no pun intended — is something the industry has wanted for a long time.
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Ji Hun Kim, CEO of the Crypto Council for Innovation, didn't hide his frustration. He said every day without a regulatory framework risks pushing American crypto users and…
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Here's where it gets procedurally messy. To even bring the CLARITY Act to a floor vote, Republicans need to clear a filibuster. That takes 60 votes. Republicans don't have 60.
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Read also: Senate Clarity Act Vote Pushed Past August Recess by Thune
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Thune hasn't decided yet whether to file cloture before the recess. Filing cloture would start a clock that could position the bill for a vote around mid-September when the…
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Senate Banking Committee Chair Tim Scott pushed hard for a pre-recess vote. He's been vocal about the urgency, and he's got backing inside Republican ranks.
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Thune's office didn't respond to questions about whether cloture gets filed before the break. No details on that yet.
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The Senate calendar after recess is always tight. There's budget work, appropriations fights, and a dozen other priorities competing for floor time.
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