A procedural move has brought Washington’s most consequential crypto fight closer to a Senate showdown, despite Democratic concerns over conflicts of interest.

U.S. Senate Majority Leader John Thune advanced steps on Saturday toward passing a landmark bill that would establish a regulatory framework for cryptocurrencies and, if enacted, would represent a significant victory for President Donald Trump and the crypto industry.

Early Saturday morning, John Thune filed for a key procedural vote on the Clarity Act. The Senate is expected to take up the vote when it returns from its August recess, potentially clearing the way for the bill to receive full floor consideration afterward.

The move suggests that Senate Republican leaders hope…