The Detroit News
When is the Senate vote on the CLARITY Act? What to know about today's key vote
xCruzo Brief
The U.S. Senate is set to vote Tuesday on the procedural step to advance the “Digital Asset Market Clarity Act,” known as the CLARITY Act, as cryptocurrency regulation remains in focus. The cloture vote is expected around 2:15 p.m. ET and would require 60 votes to move forward. Republicans hold 53 Senate seats, so supporters likely need at least seven Democratic or independent votes to advance the bill. The vote follows weeks of negotiations and a last-minute Democratic counterproposal to Republican negotiators. Backers say it would clarify oversight between the SEC and the CFTC by distinguishing which digital assets each agency would regulate, while critics argue ethics and consumer protections need strengthening before final passage.
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