Clarity Act: Senate sets September 15 vote on crypto bill
The U.S. Senate has scheduled a procedural vote on the Digital Asset Market Clarity Act for September 15. Senate Majority Leader John Thune filed for cloture to limit debate and advance the bill to a full floor vote, a move that requires at least 60 votes to succeed.
Negotiations have faced significant delays due to disagreements over ethics provisions, stablecoin rules, and illicit finance measures. A bipartisan proposal from Senators Ruben Gallego and Thom Tillis suggests requiring President Donald Trump to divest from cryptocurrency interests to prevent conflicts of interest, though the White House has not yet approved it. Additionally, Senator Elizabeth Warren and some Democrats continue to oppose the bill, arguing it lacks sufficient protections for investors and national security.
Analysts and investment banks express skepticism regarding the bill's immediate passage. TD Cowen estimates a 25% chance of the act passing this fall, while Polymarket odds have dropped to 21%. The upcoming November elections are expected to further complicate the legislative timeline, as lawmakers prioritize other business and campaign activities.
Entities
CLARITY Act · Donald Trump · Elizabeth Warren · Grayscale · John Thune · Solana · U.S. Senate · United States Senate
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Senator Elizabeth Warren opposes the bill, citing risks to investor protection and national security. ambcrypto.com · coinpedia.org
- [● 2 SOURCES] Prediction market Polymarket places the odds of the bill's approval at 21%. ambcrypto.com · unchainedcrypto.com
- [● 5 SOURCES] A cloture vote to limit debate on the bill requires at least 60 votes. wdez.com · unchainedcrypto.com · coinpedia.org · bitcoinethereumnews.com · journalducoin.com
- [● 5 SOURCES] Senate Majority Leader John Thune filed for cloture to advance the Clarity Act to a floor vote on September 15. wdez.com · www.cryptobreaking.com · unchainedcrypto.com · bitcoinethereumnews.com · journalducoin.com
- [● 3 SOURCES] A bipartisan ethics proposal requires President Trump to divest from crypto interests. www.cryptobreaking.com · unchainedcrypto.com · coinpedia.org
- [○ 1 SOURCE] TD Cowen estimates a 25% chance of the Clarity Act passing in September. bitcoinethereumnews.com