The U.S. Senate has scheduled a cloture vote on September 15 at 2:15 p.m. on bill H.R. 3633, aiming to establish a federal framework for digital asset markets. This procedure requires 60 votes out of 100 seats, while Republicans hold only 53 and would need at least seven additional votes from Democrats or independents. The bill passed the Senate Banking Committee with a wide bipartisan majority of 15-9 in May, but seven Democratic senators have raised concerns about consumer protection and anti-money laundering provisions. CFTC Chair Michael Selig stated that the agency could take crypto market steps under existing powers, but without being able to replicate the full regime being considered by Congress.
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