Overview
- Senate Majority Leader John Thune filed a cloture motion that schedules a procedural vote for Sept. 15 and advancing the bill will require 60 senators to agree.
- Lawmakers remain deadlocked over enforceable ethics limits tied to President Trump’s crypto connections, limits on stablecoin rewards, and stronger anti‑money‑laundering safeguards.
- White House crypto adviser Patrick Witt publicly said the administration is fully committed to passing the CLARITY Act in September and will keep negotiating with Democrats.
- Regulators are proceeding on their own timetable: the SEC will hold an open meeting on Aug. 14 to consider a tailored offering regime and major crypto firms will meet the CFTC on Aug. 20.
- Prediction markets and analysts have cut the bill’s odds of becoming law in 2026 to about 25 percent, reflecting compressed floor time, partisan resistance, and active industry lobbying.