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Thune Expects CLARITY Act Vote Before August Recess
Senate Majority Leader John Thune expects a procedural vote on the CLARITY Act before the August recess, but no cloture motion has been filed yet. The window is closing fast.
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Senate Majority Leader John Thune said he expects a procedural vote on the CLARITY Act before the August recess ends. The bill has not yet been placed on the official Senate floor schedule and no cloture motion has been filed.
"I think market structure we'll get a vote on. Whether we can get on it or not, we'll see," Thune said.
The Senate resumed session on Aug. 3 ahead of the recess, shifting attention to whether the digital-asset market structure bill can clear its next hurdle. The legislation would create a regulatory regime for crypto, a central issue for lawmakers, exchanges and investors.
Crypto analyst Ted Pillows said the window is closing. If Senate leadership seeks cloture Wednesday, "the earliest vote would likely be Friday," he said. That would leave lawmakers just days to advance the bill before the break.