Summary
- U.S. Senate Republicans did not file for cloture on the CLARITY Act, raising the possibility that a vote could be delayed this week.
- Democrats and Republicans are continuing negotiations over ethics provisions, the Blockchain Regulatory Clarity Act (BRCA) and whether to allow interest payments on stablecoins.
- Once the CR process is completed, a cloture filing could come as early as August 6, with a procedural vote about 30 hours later.
Forecast Trend Report by Period
U.S. Senate Republicans did not file for cloture on the CLARITY Act, a crypto market structure bill, potentially delaying a vote this week.
Eleanor Terrett, host of Crypto In America, said Senate Majority Leader John Thune did not file for cloture on August 5 to bring the CLARITY Act to the floor. She attributed the delay to procedural work on a continuing resolution, or CR, efforts to secure enough votes for passage and negotiations over key issues.
Democrats and Republicans are still negotiating ethics provisions, the Blockchain Regulatory Clarity Act, or BRCA, and whether to allow interest payments on stablecoins. The White House has not yet taken an official position on a compromise proposal related to the ethics provisions.
Once the CR process is completed, Thune could file for cloture as early as August 6. If that happens, a procedural vote could follow about 30 hours later.
Terrett said disputes over the bill remain unresolved. Even so, some senators want to move ahead with a vote to put lawmakers on the record, regardless of whether the measure ultimately passes.
