The Senate again left the CLARITY Act off its floor schedule on Tuesday, shifting focus to a possible Friday cloture vote. No cloture motion has been filed yet, and Senate Democrats say the vote will fail without progress on ethics rules, illicit-finance provisions and stablecoin yield.
The Senate excluded the CLARITY Act from Tuesday's official schedule even after Majority Leader John Thune said the crypto market-structure bill remained a priority before the August recess. Instead, senators resumed consideration of the motion to proceed to H.R. 6500, the Continuing Resolution vehicle, according to the Senate Press Gallery.
No Cloture Motion Filed Yet
No cloture motion has been filed on H.R. 3633, the CLARITY Act, and the Senate cannot move to a vote without that step first. Crypto analyst Ted Pillows said that if leadership waits until Wednesday to file cloture, the earliest vote would likely be Friday. Friday remains the earliest practical day for procedural action, but the bill still is not on the Senate's official floor schedule.
Democrats Signal the Cloture Vote Could Fail
Punchbowl News reporter Brendan Pedersen wrote that Senate Democrats broadly agree a cloture vote this week will fail without movement on ethics, illicit finance and stablecoin yield. According to Pedersen: "Democrats won't be moved by crypto cash at this point."
One Democratic aide in the negotiations said big-time crypto-related campaign spending in August would end the negotiations. Senator Ruben Gallego said Democrats are trying to engage constructively, but questioned whether Republicans are doing the same.
Toomey Pushes for Passage as Odds Slip
Former Senator Pat Toomey has publicly pressed the Senate to pass the bill this week, noting the Clarity Act has already passed the House and cleared the Senate Banking Committee. The bill would divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Prediction-market pricing tracked by Vera now puts the odds of the bill being signed into law by the end of 2026 at 24.5%, down from 26% a day earlier and 34% a week earlier.
Republicans still lack enough votes to advance the bill, and Democrats say they won't provide them without movement on ethics, illicit finance and stablecoin yield.
Sources: CoinGape, CoinGape, Crypto Briefing
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