Senate Leader Thune Targets Clarity Act Cloture Before August Break

Senate Majority Leader John Thune reportedly still plans to file cloture on the Clarity Act before lawmakers leave for the August recess. This procedural step will queue up a formal Senate vote on the digital asset regulation bill immediately after lawmakers return on September 11. Thune shared the update with crypto industry leaders on Friday, signaling that setting clear market rules remains a priority for the legislative agenda.

Securing passage will not be simple because the bill needs 60 votes in the Senate. Lawmakers still face tough debates over stablecoin yield and ethics rules, while banking industry lobbying has already won over several Republican votes. Prediction markets currently price the odds of the bill passing this year at around 15 percent, reflecting the steep climb ahead for supporters.

Bitcoin traded near $65,000 as markets watched for any weekend updates from Washington. Because the filing window runs through the start of the recess on Monday, quiet negotiations could spark unexpected moves during thin weekend trading hours. Traders should watch for any surprise announcements before the Senate officially pauses for its break.