White House Says CLARITY Act Is Getting Done in September. Markets Aren’t So Sure.

The White House says it will keep negotiating with Democrats to pass the CLARITY Act in September. Senate Majority Leader John Thune filed cloture, setting a Sept. 15 procedural vote. The bill needs 60 Senate votes but Republicans cannot reach that without Democratic support. Ethics restrictions tied to Trump-linked crypto interests and stablecoin reward issues remain.