The CLARITY Act will not move forward before the Senate’s August recess, but the bill has not been abandoned. According to multiple sources cited by Eleanor Terrett, Senate Majority Leader John Thune’s office has told crypto industry leaders that Thune still intends to file cloture on the motion to proceed before lawmakers leave Washington. That would set up the procedural vote for September, when the Senate returns. However, Republicans still need to find enough votes before the bill can move ahead. 🚨NEW: Leader Thune’s office is telling crypto industry leaders today that the majority leader still intends to file cloture on the motion to proceed to the Clarity Act before lawmakers leave for August recess, per multiple sources. The move would tee up a vote on the Clarity…
— Eleanor Terrett (@EleanorTerrett) August 7, 2026 Thune Files Cloture, But 60 Votes Are Still Needed Filing cloture does not mean the CLARITY Act has passed.
It simply starts the process of ending debate. The filing itself requires 16 senators to sign on, while the eventual cloture vote requires 60 votes to end debate and allow the Senate to proceed toward consideration of the bill. That leaves Republicans and negotiators with several weeks to resolve the outstanding issues and find the missing votes.
Brian Armstrong called the delay disappointing but welcomed Thune’s commitment to bring the legislation back in September. He said the industry has already spent a year negotiating the bill and now needs Congress to finish the process.
The Senate didn’t move the CLARITY Act this week. That’s disappointing, but I appreciate @LeaderJohnThune’s commitment to bringing the bill up in September. After all the work that’s gone into this legislation, everyone wants it done so they can move forward. In the meantime,… pic.twitter.com/sACu9JSbP5
— Brian Armstrong (@brian_armstrong) August 7, 2026 Why the CLARITY Act Is Still Stuck News: Sens. Cynthia Lummis (R-Wyo.) and Bernie Moreno (R-Ohio) became co-sponsors of the Credit Card Competition Act tonight, according to a filing we obtained
Lummis and Moreno are infuriated with the banking industry for helping delay the Clarity Act / creating GOP problems pic.twitter.com/EehzXlXvCI
— Brendan Pedersen (@BrendanPedersen) August 7, 2026 The biggest unresolved issue is now stablecoin yield. The subject has returned to the center of negotiations following Wall Street Journal opinion pieces, while banks have been lobbying Republican senators to change the language.
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There are also disagreements over:
The bipartisan ethics agreement Illicit-finance provisions Stablecoin yield rules Broader concerns raised by banks Journalist Brendan Pedersen reported that the bill has developed a Republican problem after weeks of lobbying by small, state-based banks. Senator Mike Rounds said bankers have an advantage because senators personally know many of them. Pedersen also reported that Cynthia Lummis and Bernie Moreno became co-sponsors of the Credit Card Competition Act, while both senators are angry with the banking industry over its role in delaying CLARITY and creating divisions among Republicans. The White House has yet to respond to the bipartisan ethics proposal, although the pressure for an immediate response has eased because the Senate vote is now expected in September.
What Happens Before September? Crypto regulation is continuing even without the Senate. Armstrong pointed to wider stablecoin adoption, perpetual futures, tokenization of real-world assets and rising consumer use of crypto. Faryar Shirzad also said regulators under the Trump administration are using their existing authority to provide clearer rules, while governments and financial institutions outside the U.S. continue moving ahead. It’s disappointing that the Senate was unable to begin consideration of the CLARITY Act this week.
We appreciate @LeaderJohnThune’s commitment to take up the bill when the Senate returns in September, and there is every reason to be confident that we can get it done. But the…
— Faryar Shirzad 🛡️ (@faryarshirzad) August 7, 2026 Senator Cynthia Lummis echoed the same message after the delay, saying, “we’ve come too far to quit” and that the fight is “far from over.”
For now, September is the next major deadline. Thune’s planned cloture filing keeps the legislation alive, but the real test is that the Senate has only 14 session days in September before the October recess and midterm campaign period.
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