U.S. Senate opens first stage of crypto Clarity Act voting to give bill a chance next month
The majority leader opened the multi-stage process the Senate follows when trying to get a bill over its 60-vote hurdle, so it’s still got a shot in September.
Make preferred on
Share this article
Summary
- Senate Majority Leader filed the motion to proceed on the Digital Asset Market Clarity Act early Saturday, after a marathon overnight Senate voting session.
- While the motion came too late for the Senate to vote on the crypto market structure bill before the body breaks for its August recess, the move sets the bill up for an initial vote almost immediately after the Senate returns next month.
- There are a number of outstanding issues lawmakers need to come to agreements on for a successful vote, including government ethics, law enforcement provisions and stablecoin yield and rewards.
