The U.S. Senate is positioning the Digital Asset Market Clarity Act for a potential Sept. 15 procedural vote, moving the major crypto market structure bill closer to floor consideration.
Key Takeaways
The cloture motion involving H.R. 3633 becomes eligible for Senate action at 2:15 p.m. on Sept. 15.The cloture action concerns the motion to proceed, not final passage of the CLARITY Act.H.R. 3633 previously cleared the House 294-134 and advanced from the Senate Banking Committee 15-9.“The Hill, especially the Senate, is driven by the calendar, or ‘floor time’ … The Clarity Act is now on the calendar. Leader John Thune is giving crypto floor time. Though delayed, senators will be on the record.”
A Sept. 15 vote is not guaranteed to occur exactly as currently scheduled. The cloture motion could be withdrawn or vitiated, Senate leaders could reach a unanimous-consent agreement that changes the timing or procedure, or the chamber could take another procedural step before a roll-call vote. If the cloture vote proceeds and succeeds, the Senate would move closer to considering H.R. 3633; if it fails, the motion to proceed would not advance at that stage.
House-Passed Crypto Bill Advances Through Senate
