Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Major Update for XRP Army: Senate Postpones Voting. Here’s the New Date

Major Update for XRP Army: Senate Postpones Voting. Here’s the New Date

TimesTabloidTimesTabloid2026/08/07 08:00

The CLARITY Act will likely not get a Senate vote before the August recess. Former Fox Business journalist Eleanor Terrett reported that “The Senate has decided to punt a vote on the Clarity Act until September, per Politico.”

Politico congressional reporter Jordain Carney confirmed that Senate Majority Leader John Thune himself verified the delay, adding that leadership plans to have the bill “teed up for when they return.” This report comes shortly after multiple senators suggested they would stay longer to ensure the vote plays out.

Senators Wanted a Vote

Senator Cynthia Lummis had said the Senate would work into the weekend to get votes done before recess. Senator John Kennedy went further. He warned that if the Senate left without a positive vote, “the odds shift against us.” Both senators urged action but neither got it.

Senator Elizabeth Warren had already signaled the bill was stuck. She said Congress had still not solved its problems, citing corruption, consumer protection, national security, and economic protection. Her position proved accurate about the timeline, if not the reasoning leadership cited.

The Current Dispute

The CLARITY Act needs 60 votes to pass. It currently has 51 confirmed votes, with up to 10 Democrats expressing support. Most ethics problems have been solved. The central dispute remains whether state attorneys general should have authority to sue the Department of Justice over ethics enforcement.

Republicans and the White House are against that provision. Senators Tom Tillis and Ruben Gallego pushed for negotiations on that provision, but no agreement came.

September Is the Next Window

Thune’s confirmation means the bill has a target window when the Senate returns. That is not a guarantee of passage. It is a scheduling commitment. The 2026 midterm election cycle compresses available floor time after recess, and a new Senate could restart or alter the process entirely.

Senator Cynthia Lummis previously predicted that missing the current window could push proper crypto legislation as far as 2030. After prolonged and heated negotiations, it seems the bill will not pass as she and many others hoped.

Can Trump Force a Vote?

However, no reports indicate the president intends to exercise that power. Until Trump signals otherwise, the September timeline stands as the next realistic opportunity for a CLARITY Act vote.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

The world's top sovereign wealth fund achieves an annual return of 14.2% while warning that high returns in U.S. stocks are unlikely to be sustained.

New Zealand's sovereign wealth fund achieved a 14.2% annual return for the 2026 fiscal year, ranking first among global peer funds. However, the management team promptly issued a warning that recent returns from the U.S. stock market are nearly twice the 20-year annualized average, and that mean reversion pressure should not be overlooked. The fund has lowered its long-term expected annual return from 7.8% to 7.2% and reduced its active risk exposure.

华尔街见闻2026/09/17 02:46

Coca-Cola (KO.US) plans to invest 10 billions USD to strengthen U.S. facilities and logistics infrastructure

Coca-Cola announced on Tuesday that it plans to invest $10 billions in U.S. infrastructure between 2026 and 2030.

智通财经2026/09/17 02:26
Coca-Cola (KO.US) plans to invest 10 billions USD to strengthen U.S. facilities and logistics infrastructure

The yen broke below the 156 mark overnight as the Federal Reserve’s hawkish rate hikes pushed the Bank of Japan to a “high-pressure moment.”

After the Federal Reserve raised interest rates, the Japanese yen fell overnight to 156.42. The market is betting that the Bank of Japan will raise rates by 25 basis points on Friday. If the stance is dovish, the yen could fall further to 158 or even 160.

智通财经2026/09/17 02:21
The yen broke below the 156 mark overnight as the Federal Reserve’s hawkish rate hikes pushed the Bank of Japan to a “high-pressure moment.”