In brief
- The Senate took its first formal step toward voting on the Clarity Act, with Thune filing the motion to proceed early Saturday after an overnight session.
- The move tees up an initial procedural vote on September 15.
- Senators would need to reach agreement on several unresolved issues in the bill before now and then for the crypto market to get Clarity.
The U.S. Senate has taken its first formal step toward voting on the Clarity Act, with leadership moving early Saturday to tee up a vote on the crypto market-structure bill and lock in a September date.
Senate Majority Leader John Thune filed the motion to proceed on the bill, opening the multi-step cloture process the chamber uses to push contested legislation past its 60-vote…
