Thune Forces CLARITY Act Vote Before August Recess Despite 60-Vote Filibuster Hurdle
Updated
Updated · CoinGape · Jul 25
Thune Forces CLARITY Act Vote Before August Recess Despite 60-Vote Filibuster Hurdle
3 articles · Updated · CoinGape · Jul 25
Summary
John Thune plans a Senate floor vote on the CLARITY Act before the August recess even though the crypto-market bill likely lacks the 60 votes needed to break a filibuster.
About seven Democratic votes are needed if Republicans stay nearly united, but a seven-senator Democratic bloc led by Angela Alsobrooks says the latest draft still falls short on consumer and illicit-finance protections.
The current merged Banking-Agriculture text adds ethics language, including a temporary ban through 2029 on federal officials, the president and vice president from issuing or sponsoring digital assets, yet those provisions remain a key sticking point.
A failed cloture vote would delay long-sought SEC-CFTC jurisdictional clarity for digital assets and push the bill into the 2026 midterm cycle, despite backing from Ripple, Coinbase, Fidelity and Goldman Sachs.