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US Senate Pushes CLARITY Act Vote To September
Authored by Ezra Reguerra via CoinTelegraph.com,
Senate Republican leaders are expected to leave for their August recess without voting on crypto market structure legislation, delaying consideration of the bill until at least September, according to a report from Politico.
Senate Majority Leader John Thune confirmed that the chamber would not vote on the legislation before the recess, citing Democratic opposition and saying it would be prioritized when senators return next month.
“The Dems are insistent on no Clarity vote,” Thune said, according to comments his office provided to Cointelegraph. “I worked with sponsors of the bill. Senator Lummis was great, and we’re getting that queued up first thing when we come back.”
The postponement leaves one of the crypto industry’s top legislative priorities unresolved and compresses the Senate’s timetable for advancing the bill. Without sufficient Democratic support, Republicans may struggle to secure the 60 votes generally needed to overcome a filibuster.
Crypto Council for Innovation CEO Ji Hun Kim called the postponement “disappointing” but said the direction of the legislation had not changed.
“Every day without such a framework pushes American users and builders offshore and leaves consumers at risk,” Kim said in comments provided to Cointelegraph.
September delay narrows path for CLARITY ActThune’s remarks come after comments from Senate Banking Committee Chair Tim Scott, who said on Thursday the chamber should hold its first vote on the CLARITY Act before the recess “without any question.”
Scott said Thune still had time to schedule the procedural vote and that Republicans were gaining support for it.
The CLARITY Act would establish a federal framework for digital asset markets and clarify how oversight is divided between the US Securities and Exchange Commission and the Commodity Futures Trading Commission.
Citing three people with knowledge of the matter, Politico reported that the CLARITY Act lacks Democratic support. Negotiations remained underway.
Thune may still file cloture before the recess. This procedural step could position the bill for a vote when senators return in mid-September, but it would not constitute a vote on the legislation, according to two people cited by Politico.
Cointelegraph also asked Thune’s office to confirm whether he intended to file cloture before the Senate leaves for recess, but has not received a response to the question by time of publication.
The sources said Democrats have declined to approve a time agreement that would expedite the Senate’s remaining pre-recess business and allow the crypto bill to reach the floor.
According to the report, Republican leaders would need unanimous consent from all 100 senators to complete the outstanding items without extending the session deep into next week.
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Consumers More Optimistic On Jobs, Financial Conditions, Stock Prices As Inflation Eases: NY Fed Survey
Unlike recent extremely volatile months, consumers expectations for inflation in July barely budged as disclosed today by the latest NY Fed Survey, which showed that inflation expectations in one year fell slightly to 3.6% from 3.7% prior. Estimates for price increases in three and five years remained at 3.3% and 3%, respectively, although the 3Y inflation forecast did dip notably, if not enough to move it by a significant digit.
Gas price growth expectations rebounded partially after their sharp decline in June, increasing by 1.4% to 2.9%.
Away from inflation, labor market expectations were mixed, with the mean probability of higher US unemployment rate increasing by 1.1 ppt to 42.8%...
... and the mean probability of losing one’s job in the next twelve months increasing by 0.1 ppt to 14.2 percent; however, this was offset by the mean perceived probability of finding a job if one’s current job was lost, which increased by 1.3% to 46.2% the highest this year. That increase was most pronounced among those who have a high school degree or less and those living in a household where income is under $ 50,000 per year.
Earlier on Friday, the government employment report showed employers cut jobs in July and the labor-force participation continued to slide. The jobless rate declined to 4.1%.
Recent data pointed to a strengthening of the American consumer. Spending rose more than expected in the three months through June, and the University of Michigan’s gauge of sentiment increased to a five-month high in July.
In the New York Fed report, more households said their current financial situation was better than last year, and more said their finances will stay about the same in 2027.
Still, the average perceived probability of missing a minimum debt payment in the next three months increased, especially among in households where annual income is below $ 50,000.
Consumers were also more optimistic about the stock market, with the probability that stock prices will be higher a year from now reaching the highest level of the series since April 2021.
Tyler Durden Fri, 08/07/2026 - 11:45