The CLARITY Act could still reach a Senate vote this week if Majority Leader John Thune files a cloture motion, something he has not yet done as the chamber's August recess approaches. Talks on the bill's ethics language remain unresolved, and Senator Cynthia Lummis has suggested the Senate could stay in session past its scheduled break to keep the crypto market structure bill moving.
The Senate is running out of time to move the CLARITY Act before lawmakers leave for the August recess. Majority Leader John Thune has not filed a cloture motion on the crypto market structure bill. Talks on the bill's ethics language are still unresolved.
As a result, the bill may not reach the Senate floor this week unless those ethics negotiations wrap up first. Even so, filing cloture on Thursday would clear the last hurdle to a procedural vote this week, if senators decide to take that step before the break.
Despite the delays, Senator Cynthia Lummis has suggested the Senate could stay in session past its scheduled recess to keep working on the bill.
Source: CoinGape
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