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

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.

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