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5h ago

Senate Schedules Sept. 15 Cloture Vote as White House Pushes CLARITY Act

Unresolved fights over ethics limits for officials, stablecoin reward rules and anti‑money‑laundering safeguards leave the 60‑vote coalition unformed and raise the chance that regulators will fill gaps by rule.

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Shutterstock cover by Kristi Blokhin
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Overview

  • Senate Majority Leader John Thune filed cloture and set a procedural vote for Sept. 15 that will decide whether the chamber begins formal consideration of the CLARITY Act.
  • The White House’s crypto adviser Patrick Witt said the administration is fully committed to passing the bill in September and will keep negotiating with senators up to the vote.
  • Key policy disputes remain unresolved on enforceable ethics limits for federal officials, restrictions on stablecoin rewards and stronger anti‑money‑laundering protections, and those gaps have prevented confirmation of the 60 votes needed to advance the bill.
  • Regulators are moving in parallel while Congress delays, with the SEC holding an open meeting on Aug. 14 to consider tailored rules for crypto offerings that could narrow the statute’s scope if lawmakers fail to act.
  • The House approved CLARITY in July 2025 and the Senate Banking Committee advanced a version in May 2026, but industry groups, banks and prediction markets now expect a high chance of a September procedural test and much lower odds of final enactment in 2026.