GOP Needs 7 Democratic Votes to Pass CLARITY Act Before August Recess

According to Bitcoin.com News, GOP lawmakers are racing to pass the CLARITY Act before the Senate's August recess, with Republicans holding 53 seats and needing at least 7 Democratic votes to clear the 60-vote threshold required for the crypto bill.

The Senate Banking Committee advanced the legislation in a 15-9 vote in May. Senator Cynthia Lummis set an end-of-July target, warning that missing the window could delay enforceable digital-asset rules to 2030. Next steps include a Senate floor vote, followed by reconciliation with the House's 2025 version before the bill can reach the president's desk.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments