CLARITY Act Left Off Senate Schedule Amid Bipartisan Hurdles

The fate of the CLARITY Act, a bill aimed at clarifying the regulatory status of digital assets in the US, hangs in the balance as it was left off the Senate's voting schedule released on August 3.

According to CryptoSlate, this omission significantly reduces the likelihood that Senate leaders will bring the bill to the floor for a vote before the chamber's recess, which is scheduled to begin on August 10.

The CLARITY Act would still need to undergo a lengthy scheduling process, including a cloture petition and a subsequent vote, under standard Senate procedure. Lawmakers from both parties could potentially expedite this timeline by petitioning for accelerated consideration or by securing unanimous consent, but such actions are not guaranteed.