US Senate to vote on advancing CLARITY Act in September after Thune files cloture
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- Senate Majority Leader Thune filed cloture on the CLARITY Act, setting up a September 15 vote to advance the bill toward consideration.
- The CLARITY Act would establish a federal market structure for digital assets and delineate oversight between the SEC (securities) and CFTC (commodities).
- The cloture vote only determines whether to take up the legislation — it does not guarantee a final vote or passage, according to the source.
- Negotiations had stalled over ethics provisions that would restrict government officials and their families from issuing or profiting from digital assets while in office.
- Lawmakers are working on a bipartisan ethics addendum that would require President Trump to divest from certain crypto-related businesses, as Bloomberg reported.
- Cross-coverage (The Block, Decrypt, CoinDesk) converges on the September procedural vote as the next milestone, with no outlet reporting a breakthrough on the underlying ethics impasse.
Why it matters: If the CLARITY Act advances, it would end years of jurisdictional turf wars between the SEC and CFTC over which tokens count as securities versus commodities, giving crypto firms a clear federal rulebook. The ethics addendum tying the bill to Trump's crypto holdings is the real hinge — Democrats have refused to move without divestment language, meaning the September cloture vote is as much a referendum on presidential crypto conflicts as it is on market structure.
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