Summary
- Sen. John Thune’s office said it still plans to seek cloture to begin consideration of the CLARITY Act.
- The move would serve as a procedural step toward a full vote in September and could signal that Republican leaders will prioritize the CLARITY Act after recess.
- Republicans still have not secured the votes needed for cloture, and disagreements remain over stablecoin rewards, yield, and bipartisan ethics provisions.
Forecast Trend Report by Period
Senate Republican leader John Thune’s office has told cryptocurrency industry officials it still plans to seek cloture to begin Senate consideration of the CLARITY Act before lawmakers break for the August recess.
Eleanor Terrett, host of Crypto in America, said on August 7 that the move would be a procedural step ahead of a full vote in September. It also points to the possibility that Republican leaders will prioritize the CLARITY Act after Congress returns from recess.
Republicans still have not secured the votes needed to invoke cloture. Differences also remain over yield-related issues, including stablecoin rewards, as well as bipartisan ethics provisions.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.