CLARITY Act eyes Senate vote before August recess

Senate leaders still intend to bring the CLARITY Act to the floor before the August recess, although unresolved negotiations and a crowded calendar leave the timing uncertain. Summary Sen. Cynthia Lummis expects Senate action on the CLARITY Act before the August recess. Majority Leader John Thune has reportedly reserved floor time for the crypto market structure bill. Revised ethics language would let state authorities enforce restrictions on federal officials’ token activities. The Senate must navigate nominations, funding talks and sanctions legislation before leaving Washington. Lummis says CLARITY Act remains on the agenda Sen. Cynthia Lummis told crypto journalist Eleanor Terrett that Senate leadership is still seeking to take up the CLARITY Act before lawmakers leave Washington for their August recess. Lawmakers have “one more week here in Washington,” according to Lummis. She said multiple nominations, discussions over a continuing resolution and votes related to Iran and Russia-Ukraine sanctions were competing for limited floor time. Despite those demands, Lummis said Senate Majority Leader John Thune had continued to reserve space for the crypto bill. “Senator Thune has ke...