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Senate Delays Clarity Act Procedural Vote Until September Session
['Oliver Dale']
MoneyCheck
Key TakeawaysSenate leadership postponed the Clarity Act procedural vote until the September session following the August recess.
The U.S. Senate has postponed a critical procedural vote on the Clarity Act until September, when legislators return from their scheduled August break.
@LeaderJohnThune announces Clarity will be on the floor in September: “The Dems are insistent on no Clarity vote… I worked with sponsors of the bill.
September Timeline Set for Clarity Act ConsiderationThune indicated that Democratic senators opposed scheduling the vote before the recess period.
These senators contend the Clarity Act in its present form lacks sufficient enforcement mechanisms to combat illegal activities within cryptocurrency markets.