Crypto

Clarity Act this time for real? Scott Bessent presses Senate, warns U.S. lead at risk if it fails

The U.S. Treasury is publicly pressuring the Senate to act on the Clarity Act. Treasury Secretary Scott Bessent urged senators to advance the bill and warned that failure could weaken U.S. leadership in digital assets. The Senate is set to hold a procedural vote on Sept. 15, which is expected to require 60 votes. Republicans hold 53 seats, meaning at least 7 Democrats would need to join if all Republicans support it.

Crypto

Clarity bill seen 15 percent likely to pass this year as even Republicans say it is not easy

Prospects for the U.S. “Clarity” crypto bill are dimming, with some Republican senators warning it may lack the support needed to advance next week. Negotiations over strengthened ethics provisions sought by Democrats have shown little progress. Lawmakers from both parties say the ethics dispute remains unresolved despite ethics language in the latest Senate draft. The Senate has scheduled a procedural vote for Sept. 15. The bill’s chance of becoming law this year is put at about 15 percent.