Senate cloture vote on CLARITY Act nears with odds at 16%
Regulation & Gov ·
Democrats floated a counteroffer on the crypto market structure bill hours before a scheduled Senate vote, but Republicans rejected it, leaving the measure's passage odds at 16%.
The Senate vote is set for 17:15 UTC today, a cloture test requiring 60 votes to advance the CLARITY Act, according to The Block. Sen. Cynthia Lummis has described the vote as critical, noting the final text already incorporates more than 120 Democratic amendments addressing ethics rules. Despite those changes, Republicans have held firm on the current draft and declined the latest Democratic counterproposal, according to Punchbowl News.
The dispute centers on what Democrats are seeking beyond the ethics-related amendments already folded into the bill, with negotiations described as a shifting target for Republicans trying to lock down final language, per Decrypt. The rejection of the counteroffer, confirmed hours before the vote, has left the outcome of the cloture test uncertain even as the clock runs down to the 17:15 UTC deadline.
Coverage of the standoff has been corroborated across multiple outlets, with WuBlockchain also noting that disagreements persist with the vote imminent. Eight distinct sources are tracking the story as the bill's fate hangs on whether enough votes can be secured to clear the 60-vote threshold.
What remains unresolved is whether any last-minute concessions from either side will shift the vote count before 17:15 UTC, and whether the rejected Democratic counteroffer will resurface in amended form. The 16% passage odds reflect the current partisan gap, but the cloture vote itself will determine whether the CLARITY Act advances or stalls in its current form.