The U.S. Senate is zeroing in on the CLARITY Act after sidestepping a Tuesday procedural roadblock. Majority Leader John Thune plans to advance the measure Wednesday, barring any last-minute complications that could derail momentum on what's shaping up as the most significant crypto policy push on Capitol Hill this year.
No cloture motion landed on Tuesday, keeping the focus squarely on what happens next week. Senate leadership signaled confidence that procedural obstacles won't hold things up much longer. The push to get the bill moving reflects growing bipartisan interest in clarifying how digital assets fit into existing securities and commodities frameworks, a question that's hung over the industry for years.
Crypto markets barely budged on the news. Bitcoin held steady around $64,500, up 1.7% on the day, while Ethereum climbed 2.1% to $1,920. Smaller cap tokens like Ripple jumped 3% as traders weighed the potential impact of clearer regulatory guidance. The modest moves suggest markets are pricing in that the Senate will eventually get around to voting, though the outcome still carries real uncertainty.
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