CLARITY Act Nears Senate Showdown: Crypto’s Long Wait for US Rules Reaches a Critical Vote

For cryptocurrency businesses waiting for Washington to settle how their industry should be regulated, the next hurdle comes down to a familiar number: 60.

That is the support needed to clear Tuesday’s procedural test for the Digital Asset Market Clarity Act. After months of negotiations and a newly revised draft, supporters are still trying to assemble those votes. The prize is a federal framework that could give businesses and investors greater confidence to commit capital. The risk is that another opportunity slips away as the midterm elections approach.

The Senate Press Gallery’s schedule says the cloture motion becomes eligible for a vote at 2:15 p.m. Eastern Time on September 15. Success would help open the way to Senate consideration, rather than constitute final passage.

Even that first step remains uncertain. Industry participants believed supporters remained short of 60 votes as of Friday afternoon, with negotiations expected to continue through the weekend.

For an industry that has spent years seeking durable legislation, the prospect is tantalizing: a national rulebook is within legislative reach. But reaching the Senate floor and reaching the president’s desk are very different achievements.