The Senate’s CLARITY Act is bogged down by a three-way fight over crypto conflict rules, ethics limits and stablecoin rewards, with vertical integration at the center. Even getting cloture is now a tough 60-vote climb, and a win would only start the real battle.
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Senate Majority Leader John Thune has set up a Sept. 15 cloture vote on the CLARITY Act, the first test of whether the Senate will even begin debating the crypto market structure bill. The measure is alive, but ethics fights and a 60-vote hurdle could still slow or stall it.
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The CLARITY Act is still alive, but its path through the Senate is getting jammed up by procedural hurdles and an ethics fight that’s eating the clock. With cloture requiring 60 votes and the calendar tightening fast, supporters may run out of runway this year.
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