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CLARITY Act Faces Sept. 15 Senate Test
Supporters say the bill would set federal rules for digital assets and give the Commodity Futures Trading Commission new authority over spot markets.
On Tuesday, the Senate will hold a cloture vote on H.R. 3633, the CLARITY Act, determining whether lawmakers begin formal debate on the digital-asset market-structure bill.
Treasury Secretary Scott Bessent and Patrick Witt have urged lawmakers to support the motion, as crypto groups committed more than $190 million to political efforts seeking federal rules.
The latest negotiating draft incorporates 114 amendments requested by Democrats, though banks and crypto organizations remain divided over stablecoin rewards, anti-money-laundering controls and regulatory authority between the SEC and CFTC.
Senate cloture generally requires 60 votes, giving the minority leverage; Ruben Gallego and Angela Alsobrooks joined Republicans advancing the measure from the Senate Banking Committee by a 15-9 vote.
Limited floor time before the 2026 midterm elections makes any secondary attempt to pass the CLARITY Act difficult, as a failed vote would leave the SEC and CFTC working under existing authority.