CLARITY Act vote at risk as Democrats withhold support

The CLARITY Act faces a growing risk of failing a procedural Senate vote as Democrats demand progress on ethics, illicit finance and stablecoin yield provisions. Summary Senate Democrats may reject cloture without movement on three unresolved policy disputes. The bill was absent from the Senate’s Aug. 4 schedule, leaving little time before recess. Majority Leader John Thune said he expects a vote but acknowledged that its path remains uncertain. Negotiators warn that crypto campaign spending in August could damage bipartisan talks. Democrats threaten to block CLARITY Act vote Senate Democrats have reportedly reached a broad consensus that they will not vote to end debate on the CLARITY Act unless negotiators resolve several outstanding issues. Punchbowl News reporter Brendan Pedersen said Democratic lawmakers are seeking movement on ethics restrictions, illicit finance rules and stablecoin yield before supporting cloture. “There is a clear consensus among Senate Democrats right now that — without movement on ethics, illicit finance and stablecoin yield — a cloture vote this week on the Clarity Act will fail,” Pedersen wrote on X. “Democrats won’t be moved by crypto cash at this poi...