The Senate locked in a floor vote on the CLARITY Act before August recess. That's the good news for crypto advocates pushing for federal regulation.
Three major sticking points remain unresolved. Without them settled, the bill falls short of the 60 votes needed to clear the chamber.
The disputes touch on core issues: how regulators divide oversight, which agencies get jurisdiction, and what enforcement powers they actually wield. Getting Democrats and Republicans aligned on those details was always going to be the hard part.
Crypto reform has momentum on Capitol Hill right now. But momentum stops cold when you need three-fifths of senators on the same page. Even with the vote date locked, leadership hasn't confirmed those three holdups are anywhere close to resolution.
The calendar pressure cuts both ways. August recess forces a decision, but it also means there's limited time to broker last-minute compromises. Expect intensive closed-door negotiations over the next few weeks.
This piece is informational only and does not constitute financial or legal advice. Senate votes and legislative timelines are subject to change.
