U.S. Senate Sets Sept. 15 Clarity Act Vote as Bitcoin Jumps 6.69%
Updated
Updated · The Motley Fool · Aug 21
U.S. Senate Sets Sept. 15 Clarity Act Vote as Bitcoin Jumps 6.69%
3 articles · Updated · The Motley Fool · Aug 21
Summary
Sept. 15 is now the date for a Senate cloture vote on the Clarity Act, reviving crypto legislation that had looked stalled after lawmakers left for August recess.
60 votes are needed to end debate and effectively signal the bill’s path, with Trump pressuring for action before the Senate breaks again in early October for midterm elections.
Bitcoin rose 6.69% on the news and is up 22% over five days, though it remains down 12% this year as investors bet clearer U.S. crypto rules could unlock broader adoption.
The bill would give the CFTC exclusive oversight of spot markets for digital commodities and limit stablecoin yield on idle balances while allowing transaction-style rewards.
Brian Armstrong says the measure can clear 60 votes, but Kalshi bettors put the odds at 22% as Democrats seek tougher ethics rules and banks warn of deposit outflows.