Crypto▼ Bearish
Senate Delays CLARITY Act Vote to September, Thune Confirms
Thune confirmed the CLARITY Act vote will wait until after the August recess. Democrats want more time to discuss outstanding issues. The delay risks US crypto leadership.
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The Senate will not vote on the CLARITY Act until after the August recess, Senate Majority Leader John Thune (R-S.D.) said Thursday.
POLITICO reporter Jordain Carney posted Thune's confirmation on X. "Thune just confirmed our scoop that Senate is punting clarity vote until September," Carney wrote. "Said they would get it teed up for when they return."
The crypto market structure bill needs more Democratic support to pass. Republicans had tried to schedule a vote before the break. Democrats want more time to discuss outstanding issues, the report said.
The Senate is expected to return in mid-September. Thune said the bill would be ready for floor action then.