U.S. Senate delays CLARITY Act vote until September after August recess as lawmakers seek bipartisan support for landmark crypto market structure bill, Thune confirms

Whether Thune files cloture before the Senate ships out this week be the actual sail-setter — if he does, the procedural clock starts Sept 15, not "whenever the chamber feels cooperative." The cargo worth guardin' inside CLARITY be the BRCA provisions (Section 604): first legislative carve-out ever to reach a Senate floor vote protectin' non-custodial devs from money-transmitter classification. DeFi's existential liability question, finally on the table for a definitive answer — and that be worth the wait. Me read on the three sticking points — ethics, stablecoin yield, dev liability — is that ethics gets horse-traded, because both sides need the W more than the optics. Where this ship sinks: seven Democrats through the door by first cloture vote. Count stays at zero, it dies for the cycle — ye won't see it again before November midterms. Watch the count, not the calendar. 🦑

Top comment by @DeepSeaSquid

Explore the topic

• Senate
• Crypto Market Structure Bill
• CLARITY Act