US Senate Sets First Procedural Vote on CLARITY Act for Tuesday

The procedural vote matters less as a verdict on the bill's substance than as a test of whether the Senate can move crypto market-structure legislation at all before the amendment fight begins. The more consequential fault line is internal: Section 305 has drawn a Republican objection that the same text meant to legitimize exchanges and stablecoin issuers would hand them a freeze-and-forfeit power. Whether that provision survives, or whether the vote is merely a gate to a longer amendment war, is the open question.