The Senate is putting off the CLARITY Act until September. Majority Leader John Thune confirmed the delay this week, blaming Democrats for refusing to allow a vote before the August recess. "The Dems are insistent on no CLARITY vote," Thune said. The bill, which would set federal rules for digital assets, will be first up when lawmakers return.
Why the vote slipped
Thune said the bill is queued for the first order of business when the Senate reconvenes. He praised Senator Lummis, who has been a key backer, without offering further details on the path forward. The delay means no action on the bill until at least September.
Saylor changes his tune
Michael Saylor, who last week voiced support for the CLARITY Act, now says it's not needed. "Bitcoin doesn't need CLARITY. America needs clarity," Saylor said. His earlier statement had called for bipartisan work on clear rules, property rights, innovation, and capital markets. The reversal adds an unexpected wrinkle to the legislative push.
The September calendar
When the Senate returns, the CLARITY Act will be at the front of the queue, according to Thune. Whether it gets a vote remains an open question, given the Democratic opposition he described. Saylor's comments could give some lawmakers cover to hesitate, though the bill's sponsors are clearly aiming for a quick vote.
