US Senate to vote on advancing CLARITY Act in September after Thune files cloture

The US Senate has put crypto market structure legislation back on track as Senate Majority Leader John Thune files cloture on the Digital Asset Market Clarity Act (CLARITY Act). The key procedural vote is set for September, after the Senate reconvenes on Sept. 15, giving lawmakers additional weeks to resolve disagreements that prevented a deal before the August recess. The procedural move requires 60 votes, meaning Republicans will need Democratic support to clear this hurdle. The CLARITY Act represents significant progress in crypto regulation in the US, with ongoing negotiations over ethics and stablecoin provisions that could shape the future of the cryptocurrency market in the country.
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