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Senate Opens First Vote on Crypto Bill, Sets September Window
The Senate opened a procedural vote on the Crypto Clarity Act, keeping the bill alive for a September return. The next step is a floor vote, likely after the summer break.
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The U.S. Senate opened a first-stage procedural vote on the Crypto Clarity Act on Friday, keeping the market-structure bill alive and setting up a possible return next month. The move does not pass the legislation. It preserves a path for further Senate action in September, CoinDesk reported.
The chamber's floor activity for the period is logged in the Senate Daily Digest for Aug. 7. The vote was an opening step, not a final passage. Its practical effect is to keep the bill from lapsing and to schedule follow-up consideration after the summer break.
Senate Banking Committee Chairman Tim Scott has called for action on the measure. The committee described advancing the bill in a bipartisan vote, according to a committee statement. A draft of the legislation added ethics provisions for senior officials, reflecting ongoing revisions to the text.