Is there any chance left to save the CLARITY Act?

Water, water everywhere and not a drop to drink may be the sentiment of the crypto industry, lobbyists and lawmakers who’ve spent the last year trying to get the CLARITY Act over the line.

No shortage of negotiations, amendments or political wrangling; yet not enough to get the bill moving through the Senate.

The CLARITY Act may have rammed into a Senate-shaped hurdle this week, but it isn’t dead on arrival yet — let’s go with walking wounded.

There’s still a chance for the digital asset market structure bill to scramble together the 60 votes it needs to clear the Senate.

When Republican Senator Thom Tillis switched his vote from yes to no at the last minute, he did so on procedural grounds. It may have looked like a swing against CLARITY, but it was really a parliamentary maneuver, allowing him to file a motion to reconsider and preserve a route back to the Senate floor.

The Crypto Council for Innovation (CCI)’s director of US federal affairs, Ryan Eagan, tells Magazine:

“Senator Tillis’s motion to reconsider would provide an opportunity to revisit CLARITY’s cloture vote at any point this session. Specific timing regarding next steps is not clear, but that desire to preserve that opportunity is in part due to the progress made over the past week.”