The CLARITY Act, the most anticipated crypto legislation in the U.S., is scheduled for a Senate cloture vote on September 15, after being delayed past the August recess. The bill requires 60 votes to advance, meaning Republicans must secure support from at least seven Democrats. Its chances of passing this year have dropped significantly, with Galaxy Research lowering its estimate from 50% to 30%.
Senate Majority Leader John Thune filed cloture on the motion to proceed to H.R. 3633, the Digital Asset Market Clarity Act, just before the Senate departed for its August recess. Lawmakers are now scheduled to vote on it on September 15, according to the Senate Press Gallery’s official floor log.
Journalist Eleanor Terrett confirmed that senators reached an agreement setting the cloture vote for 2:15 PM ET on Tuesday, September 15. This vote will not be on the legislation itself but on limiting debate to move it closer to formal consideration.
The measure requires 60 votes, meaning Republicans, who hold 53 Senate seats, will need support from at least seven Democrats or independents. The CLARITY Act was pushed into September after Democrats refused to support a procedural vote before the recess.
The bill’s chances of becoming law this year have plummeted, according to experts and prediction platforms. Galaxy Research lowered its percentage estimate from 50% to 30%.
The biggest contentions remain ethics provisions, illicit finance rules, and integration of language developed by the Senate Agriculture Committee. A bipartisan proposal from Senator Thom Tillis and Senator Ruben Gallego would strengthen restrictions on public officials issuing or sponsoring cryptocurrencies and give state attorneys general a major role in enforcement. However, the White House failed to respond in time.
