Clarity Act Set for Sept. 15 Senate Procedural Vote

The U.S. Senate is set to hold a procedural vote on the Clarity Act on Sept. 15, following Senate Majority Leader John Thune’s move to seek cloture on the crypto market structure legislation.

Lawmakers will take up the measure when the Senate reconvenes following its August break. Cloture requires 60 votes. With unanimous Republican backing, the threshold could only be reached with additional support from at least seven Democratic or independent senators.

Meanwhile, negotiations remain underway over ethics provisions, illicit finance rules and the inclusion of language developed by the Senate Agriculture Committee.

Source: The Block