Thune expects a procedural vote on the crypto market structure bill before the August break, though no cloture motion has been filed. If Wednesday passes without one, the vote likely waits until September.
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Senate Majority Leader John Thune told reporters Monday he expects the chamber to hold another procedural vote on the CLARITY Act before the August recess, even as the bill remains off the official floor calendar.
The crypto market structure bill was one of several items Thune listed as must-finish business before lawmakers leave Washington for the month-long break. His list included a continuing resolution, a nominations package, Russia sanctions, and the confirmation of Jonathan Blanche as Attorney General.
“We have a bunch of stuff that we have to finish, and we’ll just stay here until we finish it,” Thune said.
On the CLARITY Act specifically, he said: “I think market structure we’ll get a vote on. Whether we can get on it or not, we’ll see.”
As of Monday afternoon, the Senate calendar shows a 5:30 p.m. cloture vote on H.R. 6500, not H.R. 3633, the CLARITY Act. No formal cloture motion has been filed for the crypto legislation, and no final floor vote is scheduled. The chamber reconvened on August 3 after a recess.
Crypto analyst Ted Pillows said the timeline is tightening. “If Senate leadership waits until Wednesday to file cloture, a procedural step required to move the bill forward, the earliest vote would likely be Friday,” he wrote.
Thune also said Democrats are “dragging out” the Russia sanctions package, which needs a time agreement to advance. He said he would “ideally” sign up for Blanche’s confirmation but would not commit.
Coinbase CEO Brian Armstrong publicly urged senators to pass the bill. “The CLARITY act represents a ton of bi-partisan work to finally establish clear rules for crypto in America,” he wrote on X. Armstrong said the bill would let banks integrate stablecoins and crypto services, advance consumer protection, and bolster law enforcement capabilities.
“This week we get to see who in the Senate represents the will of the people, and will step up to vote YES on this common sense legislation,” he added.
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The pressure on Thune’s schedule is real. If a cloture motion is filed Wednesday, Friday becomes the earliest possible vote. If it slips past Thursday, the CLARITY Act would almost certainly wait until after the recess, pushing its fate into September.
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