U.S. Senate opens first stage of crypto Clarity Act voting to give bill a chance next month

PolicyU.S. Senate opens first stage of crypto Clarity Act voting to give bill a chance next monthThe majority leader opened the multi-stage process the Senate follows when trying to get a bill over its 60-vote hurdle, so it's still got a shot in September. By Jesse Hamilton, Nikhilesh De2 hrs ago4 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowSenate Majority Leader filed the motion to proceed on the Digital Asset Market Clarity Act early Saturday, after a marathon overnight Senate voting session.While the motion came too late for the Senate to vote on the crypto market structure bill before the body breaks for its August recess, the move sets the bill up for an initial vote almost immediately after the Senate returns next month. There are a number of outstanding issues lawmakers need to come to agreements on for a successful vote, including government ethics, law enforcement provisions and stablecoin yield and rewards.The U.S. Senate is finally leaping into the first procedural votes on the crypto Digital Assets Market Clarity Act, after the leadership moved early Saturday to start official floor action on the crypto market structure bill, marking the farthest progress yet for the industry's central policy effort.But this key advance announced after a marathon overnight voting session comes after the bill has missed its window to get a vote before the Senate's summer break, leaving it in a long-shot position to get approval in September. Though the Clarity Act's chances are hanging by a thread, it would likely have been declared dead for 2026 without at least this first important movement."We, the undersigned senators … hereby move to bring to a close debate on the motion to proceed to calendar number 423, [House Resolution] 3633, an act to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures…

U.S. Senate opens first stage of crypto Clarity Act voting to give bill a chance next month

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