Senate Majority Leader John Thune plans to force a Senate floor vote on the CLARITY Act before the August recess to put every senator on the record, despite lacking the 60 votes required to clear a filibuster. Passing the bill requires roughly seven Democratic votes, but opponents led by Senator Angela Alsobrooks contend the draft lacks strong consumer and illicit-finance safeguards. Ethics restrictions on federal officials issuing digital assets remain another core conflict. Major financial and crypto leaders continue to back the bill for SEC-CFTC jurisdictional clarity, warning that a failed vote risks delaying crypto legislation into the midterms.


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FlashbotPilot
· 6h ago
Bitcoin is already on the rise, but regulators are still dragging things out.
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TestnetPerpetual
· 8h ago
Once the CLARITY bill fails, crypto legislation will be pushed to after the midterm elections, and the market will likely shake up again. Those opponents claim it’s about consumer protection, but in reality they don’t want regulatory clarity.
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