U.S. Senate Vote Nears on CLARITY Act as Crypto, Banks Wage Final Lobbying Battle

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A U.S. Senate procedural vote on Sept. 15 could determine the fate of the CLARITY Act, a market-structure bill for digital assets, as the crypto industry and banks mount a last-minute lobbying push.

Reuters reported on Sept. 9 that the Senate is set to hold the procedural vote on Sept. 15. The result could effectively decide the bill’s trajectory, but its outlook remains unclear as Democrats and some Republicans argue it lacks sufficient safeguards.

The CLARITY Act would define which digital tokens are classified as securities or commodities and clarify the jurisdiction of regulators. The Trump administration is also strongly backing the measure.

The crypto industry used the congressional recess, which began on Aug. 8, to intensify outreach in lawmakers’ home states. Stand With Crypto, a Coinbase-backed advocacy group, placed opinion pieces in local media in Oklahoma, Kentucky and Kansas urging passage of the bill, and held related events in Iowa and Michigan.