Senate Majority Leader John Thune reportedly still plans to file Clarity Act cloture before lawmakers leave for the August recess, Eleanor Terrett reports. The move would lock in a September vote on the crypto bill.
The Clarity Act, formally the Digital Asset Market Clarity Act, would set clear rules for how the US regulates digital assets. It needs 60 Senate votes, and those votes are not there yet.
Why the Clarity Act Cloture Filing Matters
Cloture is a procedural step that starts the countdown to a floor vote. Filing it now would queue the bill for action soon after the Senate returns on September 11.
Thune’s office delivered the message to crypto industry leaders on Friday, according to a post by journalist Eleanor Terrett. Industry figures read it as a sign the bill sits at the top of the September agenda.
Follow us on X to get the latest news as it happens
The timing is tight. The Senate’s recess begins on August 10, leaving only days to file. A vote before the break is already off the table after Senate Democrats refused to fast-track the bill.
“The Dems insisted on no Clarity vote. We’re getting that queued up first thing [when] we come back in September,” Politico reported, citing Thune.
Big hurdles remain. Republicans need roughly seven Democratic votes, and fights over stablecoin yield and ethics rules are unresolved. Banks’ lobbying against stablecoin yield has won over several Republicans. Polymarket puts the odds of passage this year near 15%.
Why Bitcoin Could Move Fast This Weekend
Bitcoin (BTC) traded near $65,000 on Friday, up 0.3% over the past day.
The filing window is short. It runs from Friday night through Monday morning, when the Senate’s recess formally begins. A quiet weekend of private talks remains the most likely outcome.
Still, crypto markets never close. A surprise filing, a late deal on yield or ethics, or a White House comment could move Bitcoin fast. Weekend trading is often thinner, so prices can swing harder.
The next test comes in September, when Thune must turn a procedural promise into 60 actual votes.
The post Thune Still Plans Clarity Act Cloture: What a Weekend Surprise Could Mean for Bitcoin appeared first on BeInCrypto.
