U.S. Senate prepares for procedural vote on CLARITY Act

The U.S. Senate is scheduled to hold a cloture vote on the CLARITY Act (U.S. digital-asset market-structure bill) on September 15. Republicans have introduced a substitute text, EHF26718, which includes a framework for the Commodity Futures Trading Commission (CFTC) to regulate protocols that claim to be decentralized but remain under identifiable control. Despite this effort to address concerns regarding DeFi and prediction markets, significant disagreements remain over ethics rules for officials, stablecoin rewards, and tribal sovereignty. Supporters need 60 votes to proceed to debate and amendments, with the White House urging senators to advance the bill to keep negotiations alive.