Clarity Act Delay Pushes U.S. Crypto Bill Test to Election-Season September

The U.S. Senate's Clarity Act, aimed at creating a regulatory framework for digital assets, has hit a roadblock as it leaves Washington for its August recess without a vote.

The bill, which would define the legal status of tokens and assign regulatory oversight to crypto companies, now faces a crucial test in September when election pressures are expected to intensify and the Senate schedule will be even tighter.

Senate Majority Leader John Thune filed for cloture on Saturday, setting up a September 15 vote to limit debate and move the bill toward a full floor vote. This step requires 60 votes and is seen as a crucial test of whether the legislation can still advance.