The clock is ticking on one of the most closely watched pieces of US crypto legislation in years, and this week’s Senate maneuvering shows just how tight that window has become. John Thune, in his role as Senate Majority Leader, initiated cloture proceedings on a motion to bring the CLARITY Act to the floor, thereby establishing the stage for a procedural vote once lawmakers return to Washington in September. The move revives a bill that industry groups have pushed for months, even as separate legal and political battles involving Bybit, North Korea-linked hackers, and former FTX chief Sam Bankman-Fried keep crypto’s regulatory and reputational risks in the headlines.
Key takeaways
- Senate Majority Leader John Thune filed cloture…
