U.S. Senate opens first stage of crypto Clarity Act voting to give bill a chance next month

Share This Post

The U.S. Senate is finally leaping into the first procedural votes on the crypto Digital Assets Market Clarity Act, after the leadership moved early Saturday to start official floor action on the crypto market structure bill, marking the farthest progress yet for the industry’s central policy effort.

But this key advance announced after a marathon overnight voting session comes after the bill has missed its window to get a vote before the Senate’s summer break, leaving it in a long-shot position to get approval in September. Though the Clarity Act’s chances are hanging by a thread, it would likely have been declared dead for 2026 without at least this first important movement.

“We, the undersigned senators … hereby move to bring to a close debate on the motion to proceed to calendar number 423, [House Resolution] 3633, an act to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and so forth and for other purposes,” the clerk said reading the filing.

Related Posts

Republican Senator Calls for Probe into US Presidents’ Sons, Citing Crypto Ventures

Senator John Curtis, a Republican representing Utah, sent a...

ECB, EU Banks Seek MiCA Changes On EU Stablecoin Liquidity Rules

The European Central Bank (ECB) and EU central banks...

What the Failure of the CLARITY Vote Means for US Lawmakers’ Reelection Bids

Last week’s US Senate failure to advance a digital...

Manhattan US Attorney leading probe into Binance’s Iran compliance: Bloomberg

The investigation is reportedly examining whether Binance knowingly allowed...

Crypto PAC to spend $30M opposing Sherrod Brown in Ohio, again

The digital asset-aligned PAC joined other groups to spend...

Why Decentralized Systems Are Becoming Relevant to Drone Operations?

Drones are becoming increasingly autonomous, connected, and data-intensive. What...