Senate Majority Leader John Thune is pushing the CLARITY Act toward an August vote, setting up a high-stakes clash over crypto market structure, SEC vs. CFTC jurisdiction, and whether the bill can clear the Senate’s 60-vote filibuster threshold. The framework is moving, but the math — and the politics — are still ugly.
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The CLARITY Act is stuck in Washington limbo, with John Thune ruling out a Senate vote before the August recess as ethics disputes, enforcement fights, and stablecoin reward backlash from banks grind momentum to a halt. The bill isn’t dead — just badly jammed.
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Breaking: Major Stablecoin Bill Fails to Advance in US Senate The US Senate’s failure to push forward the GENIUS Act, a key piece of legislation aimed at regulating the stablecoin sector, marks a significant setback for cryptocurrency enthusiasts. The bill, which sought to provide regulatory clarity, did not secure the necessary 60 votes for cloture, […]
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