Clarity Act talks enter final stretch as GOP seeks Democratic votes

Senate Republicans are seeking Democratic support for the Clarity Act as lawmakers consider starting a floor process before the August recess. Summary The Clarity Act needs 60 Senate votes to advance through the chamber’s cloture process. Senate Majority Leader John Thune could file cloture on a motion to proceed this week. Seven Democratic senators said the revised bill still falls short on several policy issues. A major US police union has endorsed the bill after lawmakers revised its DeFi provisions. Clarity Act faces a 60-vote Senate test Crypto industry groups hope Thune will begin the floor process by filing cloture on a motion to proceed, according to a Crypto in America report. A cloture filing would typically set up a vote two Senate session days later. At least 60 senators would need to support the motion before the chamber could begin debating whether to take up the bill. If the Senate invokes cloture, lawmakers could spend as many as 30 hours debating the motion before voting on whether to proceed to the legislation itself. That process would not guarantee the Clarity Act’s passage but would move the bill closer to a full floor debate. Republicans hold 53 Senate seats, ...