Crypto▲ Bullish
Senate Targets CLARITY Act Vote Before August Recess
Senator Lummis says the crypto market structure bill could hit the floor within days before recess, as Treasury Secretary Scott Bessent urges immediate action.
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Senator Cynthia Lummis said the Senate still aims to bring the CLARITY Act to the floor before the August recess. The Wyoming Republican told crypto journalist Eleanor Terrett that Senate leaders have reserved time for the bill even as lawmakers juggle confirmation votes and negotiations over a continuing resolution. Debates on sanctions involving Iran and Russia also crowd the calendar.
Lummis said Majority Leader John Thune has kept the CLARITY Act on the agenda for weeks and still intends to move forward with a vote before the recess. She did not provide an exact timeline but indicated that Senate action could come within the next several days.
Treasury Secretary Scott Bessent added pressure. In a post on X, Bessent urged the Senate to vote on the bill "now." He argued that delaying the legislation could weaken the United States' position in the digital asset industry. Bessent criticized opposition from some Senate Democrats, including concerns raised by Senator Elizabeth Warren and other lawmakers skeptical of the crypto sector.