Hopes for a cloture vote on the Clarity Act this week are fading as Senate Majority Leader John Thune appears unlikely to schedule the vote. This follows Thune’s previous statement suggesting the Senate may not finalize the bill before the August recess. Cloture votes require 60 votes, necessitating bipartisan support beyond the Republican majority, which adds complexity to the legislative timeline. Market participants are now pricing in a decreased likelihood of the Clarity Act being signed into law in 2026, with the absence of a cloture vote this week viewed as a key indicator affecting market sentiment.
Source: Read the original article
