Clarity Act Added to US Senate Calendar, With Floor Vote Awaiting Bill Merger

The Clarity Act has been formally placed on the US Senate's legislative calendar. A floor vote is not expected immediately, however, because the bill still must go through an additional consolidation process.

The bill was added to the Senate's legislative calendar under general orders on June 1. The move means the committee reporting process has been completed, reflecting amendments approved during the Senate Banking Committee's review in the latest text of the bill.

Eleanor Terrett, a reporter at CryptoAmerica, said the step is part of the normal legislative process and does not mean the bill is headed for an immediate floor vote.

The measure also has not yet been merged with the text prepared by the Senate Agriculture Committee. Because the Clarity Act is focused on delineating jurisdiction between the Securities and Exchange Commission and the Commodity Futures Trading Commission, integrating the language from the relevant committees is essential.

Terrett added that the merger with the Agriculture Committee's text will most likely be handled through a chairman's amendment when the bill is brought to the Senate floor.