PiCK
US Senate Unlikely to Vote on CLARITY Act This Week as Russia, Iran Sanctions Take Priority
Summary
- The US Senate is unlikely to hold a vote this week on the CLARITY Act.
- The Senate may prioritize a Russia and Iran sanctions bill, which could push a vote on the CLARITY Act to next week.
- Senate leadership still wants to complete at least the cloture process before the August recess.
Forecast Trend Report by Period
Crypto In America host Eleanor Terrett said on July 28 that the US Senate is unlikely to vote this week on the CLARITY Act, a market structure bill for digital assets.
Senate Majority Leader John Thune would first need to clear cloture on a motion to proceed to hold a vote on July 30. The Senate, however, is expected to give priority to a sanctions bill targeting Russia and Iran. That has fueled industry expectations that a vote on the CLARITY Act will slip to next week.
Senate leadership still wants to complete at least the cloture process before lawmakers begin the August recess.
CoinDesk previously reported that the Senate's practice of taking up contentious bills one at a time could make it difficult for the CLARITY Act to move forward before other business is cleared.
JH Kim
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