Clarity Act faces decisive 60-vote Senate procedural test on September 15

  • Senate begins a procedural vote on the Clarity Act on September 15.
  • The bill needs 60 votes, requiring at least eight Democratic senators alongside 52 Republicans.
  • Democrats continue seeking stricter ethics and anti-money-laundering provisions in the revised draft.

Bitcoin and altcoins face a closely watched week beginning September 15 with a Senate procedural vote on the Clarity Act, followed Wednesday by the Federal Reserve’s interest-rate decision. The bill requires 60 votes to clear the procedural stage; failure to reach that threshold would not defeat it but would significantly delay legislation that has been under Senate consideration for almost a year. Republican senators have issued a revised version incorporating Democratic demands, particularly ethics and conflict-of-interest provisions linked to President Donald Trump and his family’s cryptocurrency business activities. Senator Cynthia Lummis said the revised proposal addressed the Democrats’ concerns, while Republicans described it as their final offer. Democrats are still seeking stricter ethics and anti-money-laundering requirements. With Republicans holding 52 Senate seats, at least eight Democratic votes are needed in the 100-member chamber.

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