Odaily News: The U.S. Senate plans to hold a cloture vote on the CLARITY Act for Digital Asset Market Structure on Tuesday, requiring 60 votes to end the filibuster. If it fails to advance with a three-fifths majority, fewer than 36 legislative days remain before 2027.
Senator Cynthia Lummis, a supporter of the CLARITY Act, said on Sept. 6 that if lawmakers cannot reach an agreement and send the bill to the President for signature, the next real opportunity for passage may not come until 2030. The 2026 midterm elections will see all 435 House seats and 33 Senate seats up for election.
Regardless of whether Democrats regain control of one or both chambers of Congress in the midterms, the White House will remain under Republican control until January 2029, and the President could veto related legislation. Paul Atkins, nominated to chair the U.S. Securities and Exchange Commission (SEC), and Michael Selig, nominated to chair the Commodity Futures Trading Commission (CFTC), have both indicated that if the CLARITY Act does not advance this year, they will continue to pursue digital asset regulation. (Cointelegraph)