Thune Files Cloture on CLARITY Act, Sets September Senate Vote
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- Thune filed cloture on the CLARITY Act, setting up a September 15 Senate vote to take up the landmark crypto legislation
- The cloture vote only concerns whether to consider the bill — advancing it does not guarantee the CLARITY Act will receive a final vote or pass
- The CLARITY Act would establish a federal market structure for digital assets, clarifying when crypto assets fall under securities or commodities laws and delineating oversight between the SEC and the CFTC
- Prior negotiations stalled over proposed ethics provisions that would restrict government officials and their families from issuing or profiting from digital assets while in office
- Lawmakers are reportedly working on a bipartisan ethics addendum — reported by Bloomberg — that would require President Trump to divest from certain crypto-related businesses to address Democratic concerns
- Coverage framing: Decrypt's headline casts the move as the Senate 'keeping the CLARITY Act alive,' underscoring that the procedural step does not resolve the underlying impasse
Why it matters: The ethics impasse over Trump's crypto holdings is what stalled the bill for months, and filing cloture doesn't resolve Democratic demands for a presidential divestiture requirement. Without the bipartisan ethics addendum finalized before September, Democrats retain leverage to block consideration — leaving the SEC-CFTC jurisdictional clarity the CLARITY Act promises in limbo.
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