Senate Pushes Clarity Act Vote Past August Recess

TLDR

• The U.S. Senate delayed the Clarity Act procedural vote until lawmakers return from the August recess in September.
• Senate Majority Leader John Thune confirmed the delay and said the bill will be queued up when the Senate reconvenes.
• Supporters need 60 Senate votes to advance the Clarity Act, requiring backing from some Democrats.
• Disputes over stablecoin rewards, ethics rules, and illicit finance provisions continue to slow negotiations.
• The delay gives lawmakers several more weeks to seek bipartisan support before the September vote.

The U.S. Senate has delayed a procedural vote on the Clarity Act until lawmakers return from their August recess in September. Senate Majority Leader John Thune confirmed the delay late Thursday, saying sponsors will place the crypto market structure bill near the top of the agenda when the chamber reconvenes.

.@LeaderJohnThune announces Clarity will be on the floor in September:

“The Dems are insistent on no Clarity vote… I worked with sponsors of the bill. @SenLummis was great, and we’re getting that queued up first thing when we come back.”

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