The CLARITY Act was not put to a vote before the recess. The Senate entered the August recess and will not return until September 14.
But one detail is crucial: on August 8, Majority Leader Thune had already filed a cloture motion (a motion to limit debate)—this is a necessary procedural step to push the bill to a floor vote. The bill has not died; it has been carried over to September.
Clarifying the bottleneck:
Seven Democratic negotiating representatives have clearly said the draft is not enough. They insist on adding a moral clause requiring Trump’s crypto holdings. Specifically, federal officials must be forced to divest if they hold more than $1 million in digital-asset company stock and that stake represents more than 10% of the company’s value. The Republican Party and the White House’s response has been “still negotiating,” with no clear language provided yet.
At the same time, there are two other unresolved disagreements. Some Democrats believe the bill’s regulation of illicit financing is not strong enough, and the crypto industry strongly opposes this characterization.
After the Senate returns on September 14, the actual effective legislative window is only a few weeks—then it will enter the midterm election season in mid-November, when political priorities will systematically shift.
Coinbase CEO Armstrong said: The question is no longer whether compromise is still possible—it’s whether the Senate is ready to vote.
Galaxy Research has further lowered the probability of passage this year from 30%. The prediction market shows about a 29% chance.
In one sentence: the cloture motion is the ticket for September, but whether you can use that ticket depends on whether the Democrats can get clear on the issues before September 14.
$BTC
#CLARITY法案参议院程序性投票延后
But one detail is crucial: on August 8, Majority Leader Thune had already filed a cloture motion (a motion to limit debate)—this is a necessary procedural step to push the bill to a floor vote. The bill has not died; it has been carried over to September.
Clarifying the bottleneck:
Seven Democratic negotiating representatives have clearly said the draft is not enough. They insist on adding a moral clause requiring Trump’s crypto holdings. Specifically, federal officials must be forced to divest if they hold more than $1 million in digital-asset company stock and that stake represents more than 10% of the company’s value. The Republican Party and the White House’s response has been “still negotiating,” with no clear language provided yet.
At the same time, there are two other unresolved disagreements. Some Democrats believe the bill’s regulation of illicit financing is not strong enough, and the crypto industry strongly opposes this characterization.
After the Senate returns on September 14, the actual effective legislative window is only a few weeks—then it will enter the midterm election season in mid-November, when political priorities will systematically shift.
Coinbase CEO Armstrong said: The question is no longer whether compromise is still possible—it’s whether the Senate is ready to vote.
Galaxy Research has further lowered the probability of passage this year from 30%. The prediction market shows about a 29% chance.
In one sentence: the cloture motion is the ticket for September, but whether you can use that ticket depends on whether the Democrats can get clear on the issues before September 14.
$BTC
#CLARITY法案参议院程序性投票延后