U.S. Senate Majority Leader John Thune has filed a procedural motion on the CLARITY Act after the chamber failed to complete a key procedural vote, with the action now moved to September, according to crypto journalist Eleanor Terrett on X. A new voting window could open around mid-September. Even though the legislative calendar has shifted, regulators are preparing their own framework. The Securities and Exchange Commission is working on a proposed rule covering crypto asset issuance. Market participants say administrative rulemaking could still push digital asset market structure reform forward, regardless of the CLARITY Act delay. Analysts expect a dual-track regulatory path in the coming months: Congress may keep advancing market structure bills such as the CLARITY Act, while the SEC uses rulemaking to build out requirements for token issuance, trading platforms, and digital asset service providers. The Senate's procedural motion keeps the bill alive for possible action in September, and the SEC's rulemaking track moves in parallel, according to Terrett.
Senate Majority Leader John Thune has filed a procedural motion on the CLARITY Act after the chamber failed to complete an earlier procedural vote. The vote has been postponed to September, and a fresh voting window could open around mid-September, crypto journalist Eleanor Terrett said on X.
Regulators, meanwhile, are not waiting on the legislative calendar. The U.S. Securities and Exchange Commission is preparing a proposed rule for crypto asset issuance, part of a broader push to build its own framework for cryptocurrency issuance rules.
Market participants contend that even with a delay in the CLARITY Act, administrative rulemaking could still move digital asset market structure reform forward. Analysts see a dual-track path for U.S. crypto regulation over the next few months.
Congress could keep working on market structure bills such as the CLARITY Act, while the SEC builds rules for token issuance, trading platforms, and digital asset service providers. The legislative track and the SEC rulemaking track are now both in motion, with the Senate vote expected to slip into September.
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