CLARITY Act may return to Senate vote after failure
- —Tillis switched his vote to 'no' to gain the right to file a motion to reconsider
- —A similar mechanism worked for the GENIUS Act: failed 48-49 on May 8, passed 66-32 on May 19
- —The Senate goes on recess on October 1 — about 11 working days remain
- —An alternative path is a lame-duck session in November-December until January 3
Why it matters: The bill's return would reduce US regulatory uncertainty, but the tight timeline makes that scenario unlikely before the elections.
Source: CoinGape