Thune Still Pushing for CLARITY Act Despite Deadline Miss
Senate Majority Leader John Thune is still planning to file cloture on the motion to proceed to the CLARITY Act, despite missing its August 7 deadline. According to sources, negotiators are continuing to work through disagreements over staking yield and bipartisan ethics language.
The CLARITY Act has been a top priority for crypto advocates, but it has faced numerous delays due to negotiations with lawmakers. Despite this, Thune's office is still committed to advancing the legislation before Congress begins its August recess.
The bill's passage will depend on lawmakers' ability to resolve disagreements over staking yield and ethics provisions. The Senate currently has 53 Republicans in support of the bill, but at least seven Democrats must cross over for it to pass cloture.