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Thune says Senate likely to delay Clarity Act vote until after recess

Thune says Senate likely to delay Clarity Act vote until after recess

Senate floor time has shifted to nominees and Russia sanctions, leaving little chance for crypto market structure legislation to advance before the Aug. 8 recess as the bill still lacks clear 60-vote support.

TRUMP

Fact Check
Every element of the claim is corroborated. The Hill's 'Thune faces pressure' article and its companion agenda article confirm Thune prioritizing a stopgap funding bill amid Trump pressure, the reconciliation route for the SAVE America Act, and the Aug. 7 recess timeline. The White House proclamation confirms Lindsey Graham's death, and BBC/NPR/Reuters reporting confirms McConnell's continued absence due to hospitalization. The claim accurately summarizes the situation described in these primary and authoritative sources.
Summary

Senate Majority Leader John Thune has effectively pushed the Digital Asset Market Clarity Act out of the pre-recess window, making September the earliest realistic timing for Senate action despite earlier reporting that the chamber had about 10 days to act before summer recess. The bill remains active, but floor time has been consumed by Trump administration nominees and Russia sanctions legislation, while the measure also appears short of the 60 votes needed to overcome a filibuster. Democratic critics including Senator Ruben Gallego, Senator Elizabeth Warren and New York Attorney General Letitia James continue to oppose ethics provisions that place enforcement with the Department of Justice rather than the SEC or CFTC.

Terms & Concepts
  • filibuster threshold: The 60-vote level typically needed in the Senate to advance most legislation toward final passage.
  • cloture: A Senate procedure used to end debate and move a bill closer to a vote.
  • non-custodial software developers: Developers who build or maintain code without taking control of users’ assets.