Senate Sets Sept 15 Vote to Begin CLARITY Act Debate

The U.S. Senate will begin formal consideration of the CLARITY Act on September 15, after Republican leaders scheduled a procedural vote to determine whether Congress advances long-awaited cryptocurrency market structure legislation.

Senate Majority Leader John Thune filed cloture on the motion to proceed to the bill, setting the vote for 2:15 p.m. EDT on September 15. Senators will decide whether to take up the legislation rather than voting on its final passage.

U.S. Senator Jim Risch said the September timetable keeps momentum behind legislation that supporters consider essential for regulating digital asset markets. He argued that lawmakers should move quickly to strengthen consumer protections while preventing investment and financial innovation from shifting overseas.