Thune Office: Clarity Act to Get Vote in September Despite Pre-Recess Setback
Senate Majority Leader John Thune's office has informed crypto industry leaders that he still intends to file cloture on the motion to proceed to the CLARITY Act before lawmakers leave for the August recess, as reported by former Fox Business journalist Eleanor Terrett.
This move is seen as a positive signal from GOP leadership that they intend to make the bill a priority when the Senate returns. Filing cloture sets up a vote in September and guarantees floor time for the bill, but does not guarantee passage.
The CLARITY Act aims to provide clarity on regulatory issues affecting the crypto industry. However, two significant issues remain unresolved: yield and ethics provisions. Negotiators will need to find a path forward on these issues before September's vote.