Senate Majority Leader John Thune has filed a cloture motion on a procedural bid tied to college sports legislation, according to journalist Eleanor Terrett. The move is being read as fresh evidence that the CLARITY Act, the bill meant to establish a federal framework for crypto market structure, has yet to earn bipartisan backing in the chamber.
Lawmakers and industry watchers had been hoping Congress could push the CLARITY Act forward and deliver clearer rules on digital asset market structure and the division of regulatory authority. Thune's latest procedural step suggests that internal disagreements remain in the Senate.
Analysts say the bill's timeline could slip further if the two parties cannot find common ground. Backers still argue the legislation matters for defining the boundaries of US crypto oversight and reducing uncertainty for the industry.