Crypto Bill heads toward key senate vote in September: What Trump-backed Clarity Act proposes

Senate Majority Leader John Thune has moved to set up a procedural vote when lawmakers return in mid-September. Republicans will need at least 60 votes, meaning they must win support from at least eight Democrats if all voting Republicans back the bill.

US Senate Majority Leader John Thune has moved to advance the Clarity Act, a proposed framework for regulating cryptocurrencies. The bill could face a 60-vote hurdle in the Senate, with Democrats seeking stronger safeguards. Its passage would mark another major crypto policy win…