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US Senate delays CLARITY Act vote until September
The delay is attributed to insufficient Democratic support to advance the bill and the Senate’s refusal to agree on a time arrangement for pre-recess business.
Cointelegraph reports that Senate Majority Leader John Thune confirmed the chamber is “punting” a vote on the CLARITY Act until September, as Republican leaders are expected to leave for the August recess without considering the bill.
According to Politico, the CLARITY Act lacks sufficient Democratic support to move forward, with negotiations still underway. The procedural delay means the legislation is not expected to reach a vote before senators return.
Cointelegraph also notes that Democrats have declined to approve a time agreement that would expedite the Senate’s remaining pre-recess business and allow the crypto bill to reach the floor.
The report says Republican leaders would need unanimous consent from all 100 senators to complete the outstanding items without extending the session into the following week, and Thune could still file cloture before the recess, which would set up a possible vote after senators return in mid-September.