CLARITY Act Vote Expected in Senate by September 15

SEC Chair Paul Atkins expects the Senate to vote on the CLARITY Act on September 15, according to his recent Fox Business interview. The bill aims to establish a framework for categorizing digital assets as securities, commodities, or stablecoins.

The anticipated vote follows a delay from before the August recess, and although Senate passage remains unconfirmed, Atkins expressed hope that the measure will pass and reach the President's desk for signature.

The CLARITY Act has been stalled due to disputes between lawmakers, industry groups, and crypto businesses over issues such as yield payments and ethics language. Despite these challenges, the SEC and CFTC have continued working on parts of the agenda independently of the legislative timetable.