The Clarity Act has 14 working days to become law or crypto regulation dies for two years

The United States Senate returns from its August recess on September 14 with exactly 14 working days to advance the Digital Asset Market Clarity Act before midterm campaigning shuts down the legislative calendar. A cloture vote scheduled for September 15 at 2:15 p.m. ET will decide whether the most ambitious crypto bill in American history lives or dies. Summary The Senate cloture vote on September 15 requires 60 votes to proceed; Republicans hold 53 seats but expect to lose at least Senators Hawley, Paul, and potentially Tillis, forcing leadership to find 10 or more Democratic crossover votes when only two crossed over in committee. Three unresolved disputes block passage: ethics rules targeting President Trump’s $1.4 billion in crypto income, DeFi developer liability under Section 604, and a stablecoin yield provision that threatens $1.35 billion in annual Coinbase USDC rewards revenue. Seven Democratic senators issued a joint statement saying the current draft “falls short” on ethics, consumer protection, and illicit finance, making their votes conditional rather than committed. Polymarket odds for passage in 2026 have collapsed from 82% in February to roughly 16% by late August...