CLARITY Act Fades from Monday's Senate Schedule

The fate of the CLARITY Act remains uncertain as it appears to have vanished from Monday's Senate schedule. According to CryptoSlate, the bill was not listed for action on Monday, with only a spending-bill vote mentioned. The chamber's cloture ledger shows no entry for H.R. 3633 or the Digital Asset Market Clarity Act, leaving leaders without a publicly listed floor path.

Under Senate Rule XXII, a cloture petition needs 16 signatures, and a Wednesday filing could produce a Friday cloture vote if the Senate is in session for the filing and meets Friday. However, leadership has faster options, including a special bipartisan petition or unanimous consent, which could compress the schedule.

The exact vehicle for the bill remains open, with H.R. 3633 being the House-passed CLARITY Act, and Sen. Cynthia Lummis's July 22 merged Banking-Agriculture proposal updated H.R. 3633 text still a possibility. The vote count is also unsettled, with seven Democratic negotiators saying the draft fell short while committing to continued negotiations.

Majority Leader John Thune expected a procedural vote before the recess only if enough Democrats supported moving ahead, according to Axios. Any new filing or leadership notice would change the picture, and leaders must identify the vehicle and either file ordinary cloture by Wednesday for a possible Friday vote, assemble the bipartisan petition, or secure unanimous consent.