US Senate advances landmark crypto bill before heading on August recess
The move sets up a 60-vote procedural test as negotiators work through ethics and stablecoin disputes.
- On Saturday, Senate Majority Leader John Thune filed a motion to advance the Digital Assets Market Clarity Act, setting up a procedural vote for mid-September when the Senate returns from its August recess.
- The legislation seeks to create a comprehensive federal rulebook for the crypto industry, defining which regulators oversee digital tokens; it requires 60 votes to clear the Senate's cloture process.
- Democrats continue demanding restrictions on officials' crypto ventures, citing reports that President Donald Trump earned more than $1.4 billion from family projects last year, leaving negotiations fluid on this ethics provision.
- With only three weeks of Senate session next month, the bill navigates a crowded legislative agenda alongside federal funding, Russia sanctions, and nominations as Senate leaders pursue bipartisan support.
- If the partisan rift persists, the Clarity Act is unlikely to pass this year, potentially forcing the industry to reset its legislative strategy when the new Congress convenes next year.
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50 Articles
The Epoch Times
Senate Moves Major Crypto Regulation Bill Toward Vote
Senate Majority Leader John Thune (R-S.D.) took a procedural step Saturday to bring the CLARITY Act to the Senate floor, setting up a vote on whether to consider the bill when lawmakers return from their August recess. The CLARITY Act would establish a federal regulatory framework for cryptocurrency and other digital assets, spelling out how the industry would be regulated and which federal agencies would have authority over different types of …
Senate Moves Major Crypto Regulation Bill Toward Vote - The Thinking Conservative News
Senate Majority Leader John Thune (R-S.D.) took a procedural step Saturday to bring the CLARITY Act to the Senate floor. The post Senate Moves Major Crypto Regulation Bill Toward Vote appeared first on The Thinking Conservative News.
The U.S. Senate has approved the Clarity Act, which is designed to establish comprehensive market rules that are cryptical, a law that could become a new political victory for Donald Trump.
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