Thune says Senate could vote on the Clarity Act before lawmakers depart for recess
AI Market Summary
Senate Majority Leader John Thune signaled an expected procedural vote on the Clarity Act (crypto market structure) before the week's recess, keeping U.S. regulatory progress on the near-term calendar. A vote would tighten timelines into August and could reduce policy uncertainty at the margin. However, the key unresolved issue remains the White House response to a bipartisan ethics counterproposal, limiting near-term clarity and sustaining headline risk.
Impact level
● Medium
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Senate Majority Leader John Thune (@LeaderJohnThune) said Monday he still expects the Senate to hold an initial vote on the Clarity Act before lawmakers break for this week's recess. Speaking to reporters, Thune said, "I think market structure we'll get a vote on," while noting the chamber faces a tight schedule.
The planned procedural vote would take place without the bill's central dispute resolved. The White House has not responded to a bipartisan ethics counterproposal from Sens. Thom Tillis and Ruben Gallego that was sent last Thursday, leaving the crypto market-structure framework under time pressure as the calendar heads into August.
