CLARITY Act Faces Senate Cloture Vote Sept 15; Fed Decision Sept 17

The cloture threshold, not the House's bipartisan margin, is the real test: 60 votes forces the bill to attract senators who backed it in the House without the same pressure, making the procedural vote a cleaner read on where digital asset market-structure legislation actually stands. The timing matters more than any single item — a market-structure vote, a tokenized-settlement mainnet launch with TradFi validators, and a Fed decision land within 72 hours, concentrating policy, infrastructure and macro risk into one window. Whether the cloture vote succeeds, and how the Arc launch is received, are the open questions.