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An initial Senate vote on the Clarity Act has been delayed to September after Sen. John Thune moved to push back the ballot. The outlook for the crypto legislation is now described as increasingly bleak.
Thune's decision and what it signals The Clarity Act is the market's primary pending crypto regulatory bill. Thune's call to punt the initial vote means September is now the earliest the Senate can take up floor action.
That threshold matters: an initial vote is the lowest procedural bar, and the bill could not clear it in August. No vote date within September has been confirmed.
The postponement extends an already uncertain timeline and gives opponents more runway to work against passage. September's road The framing here is not a soft delay.
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