LIVE: Senate Democrats send CLARITY Act counterproposal hours before cloture vote
What's happening
After President Trump agreed to most of an ethics package attached to the Digital Asset Market Clarity Act, Senate Democrats delivered a counterproposal to Republican negotiators overnight, hours before a scheduled cloture vote. The Senate is set to vote at 2:15 p.m. ET on Sept. 15 on whether to advance the CLARITY Act, and cloture requires 60 votes. Republicans had circulated an updated version of the bill earlier in the week with tweaks on how it treats DeFi and traditional finance firms, and the bill failed a previous cloture motion when the Senate voted 50-49 against ending debate.
Why it's trending
Negotiators raced to reconcile new Republican text and a late Democratic counterproposal just hours before the Senate's crucial cloture vote.
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Senate Democrats just dropped a CLARITY Act counterproposal overnight, the Senate votes on cloture at 2:15 p.m. ET today, and the bill needs 60 votes to move forward.
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Original sources5
- With failure on procedural motion, Clarity Act’s future is uncertain
The Senate voted 50-49 against ending debate on the Clarity Act. By failing to reach the 60-vote threshold needed for cloture, senators signaled their unwillingness to pass the legislation in its current form. The post With failure on procedural motion, Clarity Act’s future is uncertain appeared first on ABA Banking Journal .
ABA Banking JournalSep 15 - LIVE: Senate Democrats send CLARITY Act counterproposal hours before cloture vote
After President Donald Trump agreed to a series of amendments, Senate Democrats delivered a counterproposal on the Digital Asset Market Clarity Act (CLARITY Act) to Republican negotiators overnight, keeping talks alive before the cloture vote (15 September). The Senate votes at 2:15 p.m. ET (7:15 p.m. BST) on whether to advance the bill. Cloture requires […]
Payment ExpertSep 15 - Trump agrees CLARITY Act ethics rules ahead of Senate vote, say Republicans
Trump concedes state attorney general enforcement in the CLARITY Act’s ethics package before Tuesday’s Senate cloture vote, according to Republicans President Donald Trump has agreed to most of a bipartisan ethics package attached to the Digital Asset Market Clarity Act (CLARITY Act), Republican Senators Cynthia Lummis, Tim Scott and John Boozman said. The three senators […]
Payment ExpertSep 14
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