US Senate Sets Clarity Act Vote for Tuesday

The US Senate has set a crucial vote for Tuesday at 2:15 PM ET on the CLARITY Act. This cloture vote requires a majority of 60 votes to open formal debate, which can last up to 30 hours if approved. The final passage would then need only a simple majority of 51 votes.

The vote is seen as a significant regulatory test for the crypto industry in Washington. If passed, it will mark a major milestone in the process, with the Senate's approval paving the way for further debate and potentially even final passage.