Overview
- The Senate is set to hold a 60‑vote cloture test on the CLARITY Act on Tuesday, Sept. 15 to decide whether debate can proceed to the bill.
- Republican senators privately tell reporters they lack enough votes and expect the cloture motion to fall short unless the White House changes the ethics language.
- Democrats say the current ethics draft does not bar a sitting president’s immediate family from profiting from crypto projects and therefore will not provide the enforcement they want.
- Crypto political groups and industry allies have launched seven‑figure ad campaigns to pressure senators and to record votes for post‑vote targeting.
- Supporters warn a failed cloture vote would force a full restart in the next Congress, likely delay durable market‑structure rules until years later, and leave the SEC and CFTC to fill gaps by rulemaking.