Procedural vote set for September 15 as lawmakers push for regulatory framework dividing SEC and CFTC oversight of digital assets.
The U.S. Senate has advanced the Clarity Act, scheduling a procedural vote for September 15 after Majority Leader John Thune filed a motion to proceed. The move marks the first formal step toward establishing a legal structure for cryptocurrency markets in the U.S.
The bill aims to clarify jurisdictional boundaries between the SEC and CFTC, placing much of the crypto industry under CFTC oversight. While the vote is procedural, it signals Republican leadership’s intent to prioritize the legislation when the Senate reconvenes. Key unresolved issues remain before final passage.
Market participants view the bill as a potential catalyst for regulatory certainty, though its ultimate fate depends on bipartisan agreement. The September 15 vote will test initial support before further debate.