Senate leaders have yet to file for a vote on the CLARITY Act, leaving the crypto regulation bill in limbo as lawmakers head toward August recess. Majority Leader John Thune would need to move fast, filing cloture by Tuesday to schedule a Thursday procedural vote that would unlock formal debate and amendments.
The holdup centers on ethics provisions. Multiple Democrats won't budge without tighter restrictions on how elected officials can hold crypto assets. The White House, meanwhile, has gone silent on a revised bipartisan ethics proposal that Senators Thom Tillis and Ruben Gallego submitted last week. That radio silence is eating into the window for any deal before the August break.
Thune told reporters he expects a vote on market structure legislation but hedged on whether the votes actually exist. Three knots remain untied: ethics language, the Blockchain Regulatory Certainty Act, and language from the Senate Agriculture Committee's section. Each one is a potential deal-breaker.
This material is for information only and does not constitute financial or investment advice.
