BREAKING: The Senate has begun formal floor action on the CLARITY Act.
Majority Leader John Thune filed the motion early Saturday after an overnight voting session, hours before the Senate left for summer break.
This is the furthest the bill has ever moved.
The first procedural vote now comes when the Senate returns on September 14, possibly on day two.
It needs 60 votes, which means at least 10 Democrats. That support is still in doubt over a provision banning senior officials, including Trump, from backing crypto projects.
A revised version of that section has been sitting unanswered at the White House for over a week.
September gives them three weeks before Congress leaves for the midterms.
If the bill fails there, a new Congress starts in 2027 and the industry begins again from zero. $BTC
Majority Leader John Thune filed the motion early Saturday after an overnight voting session, hours before the Senate left for summer break.
This is the furthest the bill has ever moved.
The first procedural vote now comes when the Senate returns on September 14, possibly on day two.
It needs 60 votes, which means at least 10 Democrats. That support is still in doubt over a provision banning senior officials, including Trump, from backing crypto projects.
A revised version of that section has been sitting unanswered at the White House for over a week.
September gives them three weeks before Congress leaves for the midterms.
If the bill fails there, a new Congress starts in 2027 and the industry begins again from zero. $BTC