Senate Faces 60 Vote Hurdle Today for Crypto CLARITY Act

The US Senate is holding a key vote at 2:15 p.m. ET today to decide the fate of the CLARITY Act. Lawmakers are not voting on the final passage of the crypto bill yet. Instead, the vote is on ending debate so the Senate can move closer to an actual vote.

To clear this procedural hurdle, the bill needs 60 votes. The Republican majority does not have enough votes on its own and will need support from Democratic senators to keep the legislation alive.

Crypto traders and industry watchers should keep a close eye on the Senate floor today. A successful vote means the bill survives for further discussion, while failure could stall crypto rulemaking for the near future.