wrote<\/a> on X.<\/p>\n\u201cDemocrats won\u2019t be moved by crypto cash at this point,\u201d he added.<\/p>\n
<\/p>\n
Cloture would allow the Senate to limit debate and move the legislation toward a final vote. Advancing the measure would require 60 senators, meaning Republicans cannot proceed without Democratic support.<\/p>\n
Republicans control 53 Senate seats. Assuming full Republican backing, they would still need at least seven Democrats to vote for cloture.<\/p>\n
The current vote count does not appear to provide that support, raising the risk that calling a procedural vote before reaching an agreement could produce a public defeat.<\/p>\n
Senate schedule leaves little room before recess<\/h2>\n
The CLARITY Act was not included in the Senate\u2019s official schedule for Aug. 4. No cloture motion had been filed on H.R. 3633 as of Tuesday, leaving the chamber without the procedural step normally required to begin advancing the bill.<\/p>\n
Senate Majority Leader John Thune has continued to identify digital asset market structure as a priority. However, government funding remains ahead of the crypto legislation as lawmakers work through a continuing resolution.<\/p>\n
\u201cWe have a bunch of stuff that we have to finish, and we\u2019ll just stay here until we finish it,\u201d Thune said.<\/p>\n
Asked about the CLARITY Act, Thune said he still expected the Senate to address the measure but did not guarantee that it would advance.<\/p>\n
\u201cI think market structure we\u2019ll get a vote on. Whether we can get on it or not, we\u2019ll see,\u201d he said.<\/p>\n
Senate leaders could still add the bill to the calendar. Still, the lack of a scheduled vote or cloture filing further narrows the window before lawmakers leave Washington for the August recess.<\/p>\n
Campaign spending could derail bipartisan negotiations<\/h2>\n
The dispute has expanded beyond the bill\u2019s policy language to include concerns about political spending by crypto-backed groups.<\/p>\n
\u201cIf they spend in August, it\u2019s done,\u201d one Democratic aide involved in the negotiations said, referring to the possibility that industry-backed organizations could target competitive races while Congress is away.<\/p>\n
Some Democrats believe aggressive campaign activity could make it harder to resume bipartisan negotiations when lawmakers return in September.<\/p>\n
Senator Ruben Gallego also questioned whether Republicans were doing enough to preserve momentum.<\/p>\n
\u201cWe are clearly here, trying to engage in a constructive manner,\u201d Gallego said. \u201cAt this point, if they\u2019re not engaging, it\u2019s telling me that they don\u2019t want this to happen.\u201d<\/p>\n
The comments indicate that the dispute now concerns both the bill\u2019s substance and the political environment surrounding the negotiations.<\/p>\n
What happens next for the crypto bill<\/h2>\n
Supporters could seek to delay cloture until negotiators reach compromises on ethics, illicit finance protections and stablecoin yield. Avoiding an unsuccessful vote could preserve the bill\u2019s path while lawmakers continue reconciling differences between the House and Senate approaches.<\/p>\n
Failure to act before the recess would push the debate into a tighter US legislative calendar. Lawmakers would return with government funding and other priorities still competing for floor time, while the November elections could further limit the opportunity for a bipartisan agreement.<\/p>\n
The CLARITY Act is intended to establish a federal framework for digital asset markets and clarify regulatory responsibilities in the United States. Its immediate prospects now depend on whether Senate negotiators can settle the remaining disputes before leaders decide to test support on the floor.<\/p>\n
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