Senate Puts CLARITY Act in Legislative Layaway Until After Midterms
After summer recess began without a floor vote, the crypto market-structure bill received a claim ticket and was stored behind nominations and the Russia sanctions bill.
The Senate has placed the CLARITY Act in its new legislative layaway program after adjourning for summer recess without holding a floor vote. Under the program, any bill that misses its pre-recess floor slot is automatically assigned a storage status instead of being rejected, advanced, or given another date.
Senate staff filed the crypto market-structure bill behind the nominations and the Russia sanctions bill, which occupied the available floor space. Its sponsors received a numbered claim ticket and instructions to present it after the midterms, when staff will retrieve the package from the legislative stack.
A notice attached to the storage file guarantees that the CLARITY Act will be returned intact. It reserves no political relevance, market urgency, or original calendar priority for the package, It reserves no political relevance, market urgency, or original calendar priority for the package during recess.
The claim ticket is now filed in a wall slot marked AFTER THE MIDTERMS, beneath a fresh stack of floor calendars.
The story behind this story
Original story TL;DR
The U.S. Senate left for its summer recess without holding a vote on the CLARITY Act, a crypto market-structure bill, reducing its chances of passing before the midterm election cycle.
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