CLARITY punted to September as parties, stakeholders far apart

Homepage > News > Business > CLARITY punted to September as parties, stakeholders far apart America’s crypto market structure legislation debate got punted to September as politicians and stakeholders remain far apart on multiple unresolved issues. CLARITY cloture vote in September, but Trump silent on new ethics text Banking stablecoin fight winning over some senators, pissing off others Prosecutors not giving up on toughening illicit finance language Crypto PACs win some, lose some primary races Trump Media scrapping plans, shrinking stacks, losing millions On Friday, August 7, Senate Majority Leader John Thune (R-SD) confirmed that there would be no cloture vote on the chamber’s digital asset market structure legislation (the CLARITY Act) before the Senate’s month-long summer break. Thune said Democrats “are insistent” that there be no vote on CLARITY while several key issues remain unresolved. But at 4:52 a.m. Saturday, Thune filed cloture on the motion to proceed with CLARITY, setting up a vote on Tuesday, September 15, the day after the Senate returns from its holiday. The vote, which will require 60 votes for passage, represents only the formal starting gun before a...