Senate staff from both parties held last-minute meetings Wednesday after Thune declined to file cloture, giving negotiators more time. Lummis expects a vote before recess.
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Bipartisan staff held a series of last-minute meetings Wednesday to resolve remaining disagreements on the Crypto Clarity Act before Congress's August recess, Punchbowl News reported. Senate Majority Leader John Thune declined to file cloture on the bill Wednesday afternoon, giving negotiators several more hours to bridge differences that have stalled the legislation.
Sen. Cynthia Lummis (R-Wyo.), chair of the Senate Subcommittee on Digital Assets, said she still expects a vote before the recess. “I don't think we'll be leaving on Friday. I think we'll go into the weekend,” Lummis told reporters. “There are other bills in addition to the Clarity Act that we need to take votes on before we leave for the August recess, and Clarity is one of those bills.”
The renewed push follows weeks of declining odds. CLARITY Act odds sank to 27% after earlier delays, the latest round of talks suggests a path forward may still exist. Lummis cited 11 months of bipartisan negotiations that added more than 300 pages to the bill at Democrats’ request. “It's just time to get people on the record,” she said.
Not everyone is on board. Sen. Josh Hawley (R-Mo.) became the first Republican to publicly oppose the bill in its current form, Politico reported. Hawley said he is siding with constituents in Missouri, where agricultural groups and local communities worry the legislation could hurt smaller banks. His opposition could complicate the path to 60 votes, though leadership may seek to bring the bill to the floor anyway.
“I do believe that we will get a vote on the Clarity Act and get people on the record after 11 months of negotiating with Democrats and adding 300-plus pages to the bill at their request,” Lummis said. The Senate is expected to work through the weekend if needed, with other bills also vying for floor time before the recess begins. The CLARITY Act delay risks US crypto lead, Haridopolos warns.
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