Senate delays vote on Digital Asset Market CLARITY Act as recess approaches, despite Banking Chair Tim Scott's promise of action before the break.
Regulation & Gov ·
The Digital Asset Market CLARITY Act remained unscheduled for a Senate vote as of Thursday despite Banking Committee Chair Tim Scott's assertion that voting would occur before lawmakers departed for an August recess. Scott stated the Senate Majority Leader retained time to arrange a vote within the narrow window remaining, though Democratic leadership was reportedly resisting a procedural motion. The bill requires 60 votes to advance, and outstanding disagreements between parties on stablecoin regulation and other provisions continue to complicate passage.