Senate Kicks CLARITY Act to September as Democrats Block Vote

Senate Republicans have delayed voting on the CLARITY Act until at least September due to Democratic opposition, Senate Majority Leader John Thune confirmed. The bill aims to set a federal framework for digital asset markets and divide regulatory authority between the US Securities and Exchange Commission and the Commodity Futures Trading Commission.

Thune stated that 'The Dems are insistent on no Clarity vote,' indicating that the delay is driven by opposition from Democrats, not a lack of Republican momentum. Senate Banking Committee Chair Tim Scott had previously urged for a pre-recess vote, but Thune's position has put him at odds with Scott.

Crypto Council for Innovation CEO Ji Hun Kim described the delay as 'disappointing' and noted that every day without clear regulations pushes American users and builders offshore and leaves consumers at risk. Negotiations between Republicans and Democrats are still ongoing, and a cloture motion could be filed before the Senate departs, allowing the bill to come up for a vote once lawmakers return in mid-September.