Bitcoin Goes Nowhere Without CLARITY Act: Will Senate Move in 48 Hours?

The CLARITY Act has roughly 48 hours to reach the Senate floor. Majority Leader John Thune has still not filed the cloture motion that any vote depends on.

Kevin O'Leary says Bitcoin (BTC) goes nowhere until the bill becomes law. That turns a procedural deadline into a market one.

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CLARITY Act Faces A 48-Hour Clock

The Senate leaves August 10 for a break that runs through September 11, per its published schedule. A cloture motion must ripen before senators can vote. Every hour Thune waits eats into the week.

The Digital Asset Market Clarity Act would divide crypto oversight between two agencies. The Commodity Futures Trading Commission (CFTC) would handle most tokens. The Securities and Exchange Commission (SEC) would keep the rest.

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