Key facts
- The CLARITY Act, intended to create a new regulatory framework for the crypto market, was not on the U.S. Senate's official schedule for Tuesday.
- Senate Majority Leader John Thune had previously indicated that a procedural vote on the bill was expected before the August recess.
- A cloture motion, necessary for proceeding to a vote, has not yet been filed for the CLARITY Act.
- Crypto analyst Ted Pillows suggested that if cloture is filed on Wednesday, the earliest vote could occur on Friday.
The U.S. Senate's official schedule for Tuesday, August 4, did not include the CLARITY Act, a bill designed to establish a new regulatory structure for the cryptocurrency market. This comes despite recent remarks from Senate Majority Leader John Thune, who had expressed expectations for a procedural vote on the measure before the upcoming August recess.
Senators reconvened and adjourned on Tuesday, with the schedule prioritizing consideration of a Continuing Resolution and a group of nominations, including Erica Schwartz for the Centers for Disease Control and Prevention. The CLARITY Act's absence from the floor agenda means that a crucial procedural step, the filing of a cloture motion, has not yet occurred.