The Crypto Bill Washington Promised Just Got Pushed Back Again

The most important piece of crypto legislation in the United States was supposed to move this week. It did not. Senate Majority Leader John Thune confirmed late Thursday that the CLARITY Act will not get a floor vote before lawmakers leave for the August recess, pushing the whole thing into September.

For an industry that has spent more than a year lobbying for exactly this vote, the timing stings.

What Exactly Happened With The CLARITY Act?

The short version is that the window closed without a deal.

• Thune confirmed the Senate is delaying a vote until lawmakers return from the August recess.
• He said the bill would be queued up first thing when the chamber reconvenes in September.
• Procedural steps such as filing cloture could still happen, but the actual floor vote is off the table until next month.
• The delay reverses expectations set by Senate Banking Committee Chair Tim Scott, who had pushed for a vote before recess.

The bill itself is not dead. It cleared Senate Banking 15 to 9 back in May, and negotiators released merged text in July. What it lacks is 60 votes.

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