Updated
Updated · CNBC · Sep 1
Thune Schedules Sept. 15 Clarity Act Vote as Crypto Bill Struggles for 60 Senate Votes
Updated
Updated · CNBC · Sep 1

Thune Schedules Sept. 15 Clarity Act Vote as Crypto Bill Struggles for 60 Senate Votes

3 articles · Updated · CNBC · Sep 1

Summary

  • Sept. 15 is now the target for a key Senate procedural vote after Majority Leader John Thune put the Clarity Act back on the calendar following the August recess miss.
  • 60 votes remain the central hurdle, with unresolved disputes over stablecoin rewards and ethics provisions tied to President Donald Trump and his family's crypto interests.
  • Two Democratic Banking Committee backers have kept talks alive, and Sen. Ruben Gallego said a bipartisan compromise on ethics language is needed to move the bill forward.
  • $200 million in crypto-backed 2024 political spending helped produce a friendlier Washington, but many industry executives now say the bill may still die in 2026.
  • Even without Clarity, companies see SEC and CFTC rulemaking under Trump as a fallback path, though they still want legislation that can survive a change in administration or Congress.

Insights

Could the failure of this major crypto bill actually become a hidden victory for digital asset companies?
Will stalled federal crypto rules allow high-yield digital stablecoins to quietly drain traditional bank deposits?
If federal legislation collapses, how aggressively will individual states step in to police the digital asset market?