CLARITY Act vote delayed to September as Senate recesses

Senate Majority Leader John Thune confirmed the chamber would not vote on the crypto market structure bill before the August recess, pushing consideration to at least September. Thune cited Democratic opposition and said the legislation would be prioritized when senators return next month.

“The Dems are insistent on no Clarity vote,” Thune said, according to comments his office provided to Cointelegraph. “I worked with sponsors of the bill. Senator Lummis was great, and we’re getting that queued up first thing when we come back.”

The postponement leaves one of the industry’s top legislative priorities unresolved and compresses the Senate’s timetable. Without sufficient Democratic support, Republicans may struggle to secure the 60 votes needed to overcome a filibuster.

Thune’s remarks came after Senate Banking Committee Chair Tim Scott said Thursday the chamber should hold its first vote before the recess “without any question.” Scott said Thune still had time to schedule the procedural vote and that Republicans were gaining support.