Senate Clarity Act Seen Falling Short of 60 Votes as Time Runs Out for Last-Minute Talks
Summary
- Reports from the Capitol suggest the U.S. Senate's Clarity Act may fail to secure the 60 votes needed to advance to floor debate.
- Democrats are maintaining their existing position on amendments to the bill's ethics provisions, complicating negotiations.
- One industry official at the Capitol, citing conversations with lawmakers, said the Clarity Act was expected to fall short of 60 votes in this vote.
Forecast Trend Report by Period
With about an hour to go before a U.S. Senate vote on the Clarity Act, people at the Capitol are increasingly saying the bill is unlikely to secure the 60 votes needed to advance to floor debate.
On September 15, Eleanor Terrett, host of the U.S. podcast Crypto in America, reported that negotiators inside the Capitol were still in last-minute talks as tensions mounted. Democrats are understood to be maintaining their existing position on proposed changes to the bill's ethics provisions.
Terrett added that any further revisions to the ethics language could require renewed approval from the White House, making time the main constraint in the negotiations. A Democratic aide said "very intense work" was under way, but there was too little time.
A Republican aide described a similar atmosphere. One industry official at the Capitol, citing conversations with lawmakers, said the Clarity Act was expected to fall short of the 60-vote threshold in this vote.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.