What the Crypto CLARITY Act Means for Traders If It Passes the Senate

• The September 15 procedural vote needs 60 votes to open Senate floor debate.
• After passing the procedural vote, it would still require full debate, a vote, and a final bill.
• Keep Your Coins Act would protect users’ right to hold crypto in self-custody wallets under federal law. 

The U.S. Senate is set to take a key procedural step on the CLARITY Act on September 15, a vote that could shape how digital assets are regulated in the country. While the vote will not decide the bill’s final passage, it will determine whether the legislation advances to formal debate, requiring 60 votes to move forward. 

The September 15 Senate vote isn’t the final vote to enact the bill into law. If it passes, the Senate still has to debate and vote on the bill itself. Then, the House and Senate would have to agree on the same version before it ever reaches the president’s desk.

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