House Crypto Chair Bryan Steil On Why the CLARITY Act Can Pass the Senate

The biggest test yet for crypto legislation in Washington could come down to a simple question Tuesday: Can the CLARITY Act get 60 votes in the Senate?

Rep. Bryan Steil (R-WI) thinks it can.

"Tomorrow's vote is huge in the Senate," Steil, the chairman of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence, told Solana Policy Institute President Kristin Smith in a new Coinage interview. "Can they hit 60 on a motion to proceed? I'm actually bullish that they do."

The Senate is scheduled to vote at approximately 2:15 p.m. ET Tuesday on whether to invoke cloture on the motion to proceed to the Digital Asset Market Clarity Act, according to the Senate schedule. The vote represents a critical hurdle for legislation that has spent more than a year waiting for Senate action after comfortably passing the House.

Whether supporters actually have those 60 votes remains uncertain. Reuters reported ahead of the vote that lawmakers were still working to secure enough support after revisions aimed at addressing concerns raised by Democrats and the banking industry.

But Steil believes there is one reason to think CLARITY can get there: Congress has already demonstrated that crypto market structure can attract significant bipartisan support.