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Crypto

U.S. Clarity Act vote nears as crypto industry and banks clash in last-minute lobbying

With the U.S. Senate set to hold a procedural vote on the Clarity Act on Sept. 15, lobbying by the cryptocurrency industry and regional banks is spreading to senators’ home states. Both sides used the August recess to press their case through local events, meetings, op-eds, calls, emails and advertising. The bill would set federal rules for digital assets and split oversight between the SEC and CFTC, with stablecoin reward provisions a key flashpoint.

Crypto

Lummis says missing this session on Clarity Act could delay next chance until 2030

Republican U.S. Senator Cynthia Lummis warned again that if the Clarity Act, a cryptocurrency market structure bill, is not handled within the current session, the next meaningful legislative opportunity could be delayed until 2030. She posted the message on X ahead of a procedural vote set for Sept. 15. The vote would determine whether the bill can move into full Senate consideration and requires 60 votes to end debate.

Crypto

U.S. House abruptly cuts September session ahead of Clarity Act vote

The U.S. House has cancelled its late-September session, raising the likelihood that action on the Clarity Act, a crypto market structure bill, slips until after the midterm elections. House Republicans cancelled the final two weeks of the September session and plan to return on Sept. 14 for about one week. The Senate returns the same day and is set to hold an initial procedural vote on Sept. 15, but the bill would still require further steps including House approval and a presidential signature.