According to BlockBeats, Senate Republicans are advancing the CLARITY Act toward formal consideration this week (July 27), with Senate Majority Leader John Thune hoping to make progress before the August recess.
The party plans to file a cloture motion requiring 60 Senate votes to proceed, but the bill currently falls short of this threshold. Democratic support is key to passage, though seven Democratic senators have stated the latest version remains insufficient on ethics clauses, illicit finance regulation, and conflict-of-interest provisions. Republicans are negotiating with Democrats to revise these terms and secure bipartisan backing.