CLARITY Act Delayed as Senate Voting Calendar Cut Short

The US Senate's voting calendar has been cut short by eight days in September, which could impact the passage of the CLARITY Act. The bill aims to split oversight of digital assets between the SEC and CFTC, as well as ban government officials from holding or promoting crypto.

SEC Chair Paul Atkins pointed out that a Senate vote on the cloture motion is scheduled for September 15. This vote requires 60 senators to end a filibuster and open formal debate on the bill.

The House passed its version of the CLARITY Act in July by a margin of 294 to 134, but committee arithmetic has already exposed the bill's fragile path.

With the shortened Senate calendar, any amendments made to the bill in late September would likely arrive after the chamber has adjourned. The next scheduled voting day is November 9, six days after the midterms.