{"id":184613,"date":"2026-08-10T20:04:08","date_gmt":"2026-08-10T20:04:08","guid":{"rendered":"https:\/\/www.europesays.com\/people\/184613\/"},"modified":"2026-08-10T20:04:08","modified_gmt":"2026-08-10T20:04:08","slug":"september-senate-vote-buys-time-for-faltering-clarity-act","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/184613\/","title":{"rendered":"September Senate Vote Buys Time for Faltering CLARITY Act"},"content":{"rendered":"

The CLARITY Act\u2019s chances are fading after the Senate left for its five-week August recess without having voted on the digital asset legislation, Reuters reported<\/a> Monday (Aug. 10).<\/p>\n

Senate Majority Leader John Thune<\/a> on Saturday (Aug. 8) pushed a procedural vote that could help the CLARITY Act move to the Senate floor in September. This cloture vote is to be held Sept. 15 and will signal whether the bill has a future, according to the report.<\/p>\n

However, many analysts and lobbyists are skeptical about the CLARITY Act\u2019s prospects because it still faces opposition from key Democrats, the Senate has many other items on its agenda, and Senate sessions are likely to be shortened due to November elections, the report said.<\/p>\n

The report flagged a social media post by Sen. Cynthia Lummis<\/a>, R-Wyo., who has been a key player in drafting and negotiating the CLARITY Act. In the post, Lummis said: \u201cDeath by 1,000 cuts is just as fatal as a bullet.\u201d<\/p>\n

It also quoted Cody Carbone<\/a>, CEO of crypto trade group The Digital Chamber<\/a>, saying the bill could still be advanced during the week of Sept. 14. Carbone said, per the report: \u201cThe fight is far from over.\u201d<\/p>\n

The Hill reported<\/a> Sunday (Aug. 9) that the CLARITY Act\u2019s supporters have long seen August as a key deadline in getting the legislation passed.<\/p>\n

While the bill has a chance to advance in September, the Senate will have only a three-week session that month and faces a \u201clengthy to-do list,\u201d the report said.<\/p>\n

CoinDesk reported<\/a> Saturday that the Saturday decision to start floor action on the CLARITY Act marked the furthest progress the bill has made so far, and prevented the bill from being declared dead, though its chances in September remain a longshot.<\/p>\n

The CLARITY Act would provide the crypto industry<\/a> with its first comprehensive rulebook, establishing when digital tokens are securities or commodities and whether they would be regulated by the SEC of the CFTC.<\/p>\n

The crypto industry says that by offering the sector legal clarity, the legislation could increase the adoption of cryptocurrencies.<\/p>\n

The banking industry has argued that yield-bearing stablecoins resemble bank deposits.<\/p>\n","protected":false},"excerpt":{"rendered":"The CLARITY Act\u2019s chances are fading after the Senate left for its five-week August recess without having voted…\n","protected":false},"author":2,"featured_media":184614,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[142],"tags":[40182,848,475,50,3157,3159],"class_list":["post-184613","post","type-post","status-publish","format-standard","has-post-thumbnail","category-john-thune","tag-clarity-act","tag-digital-assets","tag-john-thune","tag-news","tag-pymnts-news","tag-whats-hot"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/117073010131200770","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/184613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=184613"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/184613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/184614"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=184613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=184613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=184613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}