Schumer Convenes Senate Democratic Caucus on CLARITY Act Ahead of Tuesday Vote

The significance here is procedural rather than substantive: a cloture vote is a test of whether the bill has any cross-party path at all, and the caucus meeting suggests Democrats are coordinating against it despite the amendments drawn from their own side. The seven Democratic votes needed if all Republicans hold together is the entire story — a narrow, binary threshold that makes Tuesday's outcome a verdict on whether crypto market-structure legislation can move in this Congress or stalls. What to watch next is whether any Democratic support materializes beyond the caucus position, and whether the bill is revived or shelved afterward.