Clarity Act debate to continue despite Sept. 15 Senate vote

  • Congress will continue negotiating digital-asset market structure legislation regardless of the Clarity Act vote.
  • The Senate needs 60 votes for the Sept. 15 procedural vote.
  • The House is scheduled to recess days after the Senate vote.

Congressional debate over the Clarity Act and broader digital-asset market structure legislation will continue regardless of the outcome of the Senate's Sept. 15 procedural vote. Cleave Mesidor, executive director of the Blockchain Foundation, said the bill is unlikely to become law before the midterm elections because the House is scheduled to recess only days after the vote. However, securing the 60 votes needed for the Senate cloture vote could accelerate negotiations, with the House Agriculture Committee and House Financial Services Committee monitoring the discussions. A bipartisan Senate compromise could enable swift House action, while consensus has already formed around using the Clarity Act to support growth in the U.S. digital finance industry.

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