The CLARITY Act, officially titled H.R. 3633 or Digital Asset Market Clarity Act, will undergo a cloture vote in the US Senate on Tuesday, September 15 at 2:15 PM ET. This cloture procedure, filed by Senate Majority Leader John Thune, requires 60 votes to pass. Republicans, who hold 53 seats, will need to convince at least 7 Democrats or independent senators. Galaxy Research recently lowered its passage probability estimate from 50% to 30%. The main sticking points remain ethics provisions, illicit finance rules, and the integration of language from the Senate Agriculture Committee.
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