Clarity Act Vote Looms as Feds Weigh Crypto Regulation

The U.S. Senate is set to resume its session on September 14 after a five-week recess, and the Clarity Act, a cryptocurrency market-structure bill, will be up for vote on September 15.

Advancing the bill requires 60 votes, but Republicans may need support from some Democrats to pass it. If the bill fails to secure 60 votes, it could drift for a long time, with Senator Cynthia Lummis warning that the 'next real opportunity' might not come until 2030.

The Senate has fewer than 36 days left in session before the new Congress begins in 2027. The balance of power in the 2027 Congress could change depending on the outcome of the midterm elections in November, with Democrats potentially regaining a House majority or taking control of the Senate.