Senate Majority Leader John Thune will bring the Clarity Act to a floor vote next week without an agreement with Democrats. The bill would divide U.S. crypto oversight between the SEC and the CFTC and has already cleared the Senate Banking Committee. Traders appear to read the scheduled vote as a step toward enactment, even as the missing bipartisan support clouds its path.
Senate Majority Leader John Thune is moving ahead with a vote on the Clarity Act next week, despite not reaching an agreement with Democrats. The decision advances the crypto market-structure bill toward the Senate floor while partisan divisions over it remain unresolved.
The Clarity Act aims to structure oversight of the U.S. crypto market by splitting duties between the SEC and the CFTC. Although the bill has already passed the Senate Banking Committee, it still needs approval from both the Senate and the House, plus the president's signature, to become law.
Market participants appear to read Thune's decision to schedule the vote as a tangible move toward enactment, though the absence of bipartisan support could pose challenges. The floor vote is the next real test, and any shift among key Democratic senators would reshape the bill's chances.
Statements from President Donald Trump and Treasury Secretary Scott Bessent could further move sentiment.
Source: Crypto Briefing
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