The chamber has not filed the first procedural motion needed to move the bill, with August floor time limited before lawmakers leave for summer recess.
The US Senate had not, as of July 31, submitted the procedural motion needed to begin advancing the Digital Asset Market Clarity Act, the first formal step required for the bill to move in the chamber. With the Senate set to enter summer recess in a week and only limited time left in August, industry participants said a procedural vote this week could still create the groundwork for consideration when lawmakers return in September.