Senate Sets Sept. 15 Vote on Crypto Bill Requiring 60 Votes as Trump Presses CLARITY Act
Updated
Updated · Fox News · Sep 11
Senate Sets Sept. 15 Vote on Crypto Bill Requiring 60 Votes as Trump Presses CLARITY Act
3 articles · Updated · Fox News · Sep 11
Summary
Tuesday’s first Senate legislative vote after recess will test whether the CLARITY Act can clear the 60 votes needed to advance, putting federal crypto rules on the chamber’s immediate agenda.
The bill would split oversight of digital assets between the SEC and CFTC, creating the first broad U.S. regulatory framework for cryptocurrencies and tokens.
Bipartisan backing faces a Democratic ethics objection tied to Trump’s crypto interests after his disclosure showed $1.4 billion in crypto income last year, with critics also warning the measure favors industry and weakens safeguards.
Supporters say the bill has already expanded from under 300 pages to more than 600 after months of bipartisan talks, but passing a major financial regulation measure this close to the midterms remains difficult.
The crypto vote is one of only two major Senate test votes now lined up before lawmakers head home, underscoring a narrow window for action before any unresolved bills slip into the next Congress in January.