Thune's sept 2025 filing sets up a 14-day sprint for crypto market structure, with yield-objections and ethics provisions blocking the 60-vote path.
Alpha Score of 37 reflects weak overall profile with poor momentum, weak value, poor quality, strong sentiment.
Senate Majority Leader John Thune’s office intends to file a cloture motion on the motion to proceed to the CLARITY Act before the Senate leaves for its August recess, Eleanor Terrett of Crypto in America reported. The procedural step would tee up a floor vote in September, even with the midterm election campaign approaching.
Terrett described the filing as a signal that Republican leadership still sees the Digital Asset Market Clarity Act as a priority when the chamber returns. The bill would create a federal market structure for crypto companies, replacing the current patchwork of state-by-state licensing.
Two obstacles stand in the way of the 60 votes needed to advance. The banking lobby has revived its objection to stablecoin yield, arguing that community banks would be hit if nonbank issuers are allowed to offer interest-bearing products. At least two Republican senators have said they will vote against the bill without a change that protects smaller lenders from that competitive pressure. The second block is the ethics provision. The White House has not yet responded to a new proposal that would require the President and senior government officials to divest any holdings in crypto companies before the bill takes effect.
Coinbase CEO Brian Armstrong praised Thune’s commitment. “A clear federal market structure law will unlock more investment, more innovation, and more jobs in the United States while giving consumers the protections they deserve,” Armstrong said.
Even with the cloture filing, the math is tight. The Senate will have only 14 working days in September before the October recess, when senators leave Washington to campaign. The CLARITY Act odds have already slipped to 27% after earlier delays, according to prediction markets that track legislative outcomes.
Terrett also said that Thune still expects a floor vote this week, a note that traders following the legislative calendar will weigh against the calendar realities of a midterm year.
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