U.S. Senate opens first stage of crypto Clarity Act voting to give bill a chance next month
60-second summary
The U.S. Senate has initiated the first stage of the crypto Clarity Act voting process, allowing the bill to potentially overcome its 60-vote hurdle. This multi-stage process will unfold over the coming weeks, with the majority leader paving the way for a vote in September, giving the bill a renewed chance at passage, potentially impacting the crypto industry's regulatory landscape.
The majority leader opened the multi-stage process the Senate follows when trying to get a bill over its 60-vote hurdle, so it's still got a shot in September.