Senate to vote on Clarity Act next week without Democrat deal

Senate Majority Leader John Thune will hold a vote on the Clarity Act next week without a deal with Democrats, according to a report. The bill would define how the SEC and CFTC oversee crypto markets. It has already cleared the Senate Banking Committee.

The vote will be a critical indicator of the bill's legislative progress, the report said. Market participants see the scheduled vote as a step toward enactment. The lack of bipartisan support could still slow progress. The bill needs approval from both chambers and the president to become law.

Traders are watching for shifts in support from key Democrats. Statements from President Donald Trump and Treasury Secretary Scott Bessent could also move sentiment, the report added.

The Senate is expected to vote next week.