CLARITY Act gets September vote after Senate filing

The U.S. Senate has initiated the process for considering the CLARITY Act, setting up an initial procedural vote after lawmakers return from their August recess. Summary Senate leadership filed a motion to begin considering the CLARITY Act late Friday. The procedural step positions the bill for an initial vote in September. Negotiations remain divided over ethics, enforcement and stablecoin rewards. The legislation needs 60 Senate votes to overcome the chamber’s cloture threshold. CLARITY Act moves toward September vote Senate Majority Leader John Thune submitted the motion after a late-night voting session, according to reports released Saturday. The timing prevented the Senate from holding a procedural vote before lawmakers began their August recess. The filing nevertheless allows leadership to place the crypto market structure bill near the front of the Senate’s September agenda. Senators are expected to return to Washington on Sept. 14. Thune had previously confirmed that the chamber would not vote on the legislation before the recess but said leaders intended to prepare it for action upon their return. “We’re getting that queued up first thing when we come back,” Thune said in...