Senate Pushes CLARITY Act Vote to September After Recess

The main disputes center on ethics provisions and stablecoin yields. Anti-money laundering requirements are also unresolved, according to people familiar with the talks.

Democratic Sen. Ruben Gallego said he will not support a motion to end debate unless Republicans agree to further concessions. He described the negotiations as constructive but acknowledged significant differences remain between the two parties.

The CLARITY Act has drawn support from crypto industry groups that argue the U.S. is losing its lead in digital asset regulation. A separate bill, the CLARITY Act delay risks U.S. crypto lead, Haridopolos warns, was cited by some lawmakers as a reason to move quickly. The Senate calendar has left little room for floor time before the recess.

The delay means the bill will not reach a vote until at least September. The House has already passed its own version of the legislation. If the Senate does not act before the end of the fiscal year, the process could restart in the next session.

Bipartisan talks will continue over the break. The Senate is scheduled to resume around Sept. 14.