US Senate Majority Leader John Thune has filed cloture on a motion to take up the Digital Asset Market Clarity Act, also known as the CLARITY Act, setting up a key procedural vote on the crypto market structure bill for Sept. 15.
The vote is expected after the Senate reconvenes at 2:15 pm ET on Sept. 15, giving lawmakers several more weeks to work through unresolved disagreements over the legislation.
The Senate Daily Press confirmed that Thune filed cloture on the motion to bring the CLARITY Act to the Senate floor for consideration. Invoking cloture on the motion requires 60 votes, meaning Republicans will need Democratic support to clear the procedural hurdle and move toward consideration of the bill.
Thune’s move puts the CLARITY Act on a path toward Senate consideration after lawmakers failed to reach an agreement before the August recess. Negotiations have been complicated by disagreements over ethics provisions and rules…
