CLARITY Act delay draws backlash before September vote

Crypto industry leaders are voicing frustration after the U.S. Senate failed to advance the CLARITY Act before its August recess, leaving the market structure bill facing a crucial procedural vote weeks before the 2026 midterm elections. Summary Senate leaders filed cloture, setting up a Sept. 15 procedural vote on the CLARITY Act. Coinbase executives and Sen. Cynthia Lummis called the pre-recess failure disappointing and frustrating. Ethics restrictions and stablecoin rewards remain unresolved as the bill seeks 60 Senate votes. Polymarket traders give CLARITY a 25% chance of becoming law during 2026. CLARITY Act faces a Sept. 15 procedural vote Senate Majority Leader John Thune filed cloture on the motion to proceed to the Digital Asset Market Clarity Act shortly before the Senate began its month-long recess, according to the Senate Daily Press. The filing positions the legislation for an initial procedural test after senators return to Washington on Sept. 14. The cloture motion is scheduled to ripen on Sept. 15, according to previous crypto.news coverage. The vote would determine whether the Senate begins formally considering the bill. It would not amount to final passage. CLARIT...