The U.S.
Senate Faces a Critical Vote on the Clarity Act on Sept. 15
Coinbase CEO Brian Armstrong Says It Will Pass Several weeks ago, most experts believed the Clarity Act faced an uphill battle for passage after the U.S. Senate failed to hold a vote on the crypto legislation before its August recess. That’s because there is very little time once the Senate returns in September before it breaks again in early October for the midterm elections.
However, after some pressure from President Donald Trump, a cloture vote will move forward on Sept. 15, the day after Senators return from the August recess. The cloture vote would not formally pass the bill, but would end debate and filibuster, paving the way for a formal vote. The cloture vote would require 60 votes to pass, the same number required to ultimately pass the bill, so it could be a strong indication of where things stand.