According to a post from Bitcoin News on X, reported by ChainCatcher, the U.S. Senate plans to hold a key procedural vote on the CLARITY Act on September 15. The vote is a cloture motion, which requires 60 votes in favor. If it passes, the Senate will move forward with formal consideration of the bill, but that does not mean the legislation has passed. The CLARITY Act aims to create a comprehensive federal regulatory framework for digital asset markets. In a separate statement, Commodity Futures Trading Commission Chairman Michael Selig said the agency can use its existing authority to advance limited cryptocurrency oversight, while noting those powers cannot replace the broader framework under review in Congress. The outcome of the Sept. 15 vote will determine whether the Senate proceeds to debate the bill. Passing the procedural hurdle would let the chamber begin formal consideration; failing it would prevent formal consideration from starting. ChainCatcher first relayed the announcement.
Procedural Vote Set for Sept. 15
The U.S. Senate is planning a procedural vote on the CLARITY Act on Sept. 15, according to a post from Bitcoin News on X relayed by ChainCatcher. The cloture motion requires 60 votes. If the threshold is met, the Senate would move to formal consideration of the bill. That step would not amount to final passage.
Bill's Scope and CFTC Comment
The CLARITY Act is intended to set up a comprehensive federal regulatory framework for digital asset markets. In a separate remark, Commodity Futures Trading Commission Chairman Michael Selig said the agency can use existing powers to carry out limited crypto oversight, but those powers cannot substitute for the broader framework Congress is still considering.
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