CLARITY Act Vote Delayed as Senate Fails to File Cloture

The US Senate's decision to skip a vote on the CLARITY Act has delayed the crypto market structure bill further down the calendar. The chamber reconvened at 10:00 a.m. Thursday, August 6, but did not bring the CLARITY Act to a floor vote. This suggests that it is unlikely a procedural vote will take place this weekend.

The Senate Press Gallery posted the daily schedule, which listed votes for a continuing resolution and other bills, but not the CLARITY Act. The late filing of a cloture petition eliminates the possibility of a weekend vote to close the door on the filings.

Bipartisan talks are ongoing, with Senator Thom Tillis stating that 'we've got people working with the White House right now... they're going through some of the lines right now.' This hints at progress in reviewing ethics language, which has remained a major obstacle to advancing the bill.