Former Fox Business journalist Eleanor Terrett reports that Senate Majority Leader John Thune’s office is telling crypto industry leaders that he still intends to file cloture on the motion t
Former Fox Business journalist Eleanor Terrett reports that Senate Majority Leader John Thune’s office is telling crypto industry leaders that he still intends to file cloture on the motion to proceed to the CLARITY Act before lawmakers leave for the August recess. Multiple sources confirmed the outreach.
Industry figures are reading it as a positive signal that GOP leadership intends to make the bill a priority when the Senate returns. Filing cloture on the motion to proceed sets up a vote in September. It stops short of a vote before recess but keeps the bill alive in a meaningful procedural way.
Cloture on the motion to proceed is a formal step. It locks the Senate into addressing the CLARITY Act when members return from recess. It does not guarantee passage, but it does guarantee the bill gets floor time. For supporters who feared the legislation could stall for years, the move provides a concrete commitment from leadership.
Senator Cynthia Lummis and Senator John Kennedy had both pushed hard for a vote before the August break. Kennedy warned that odds would shift against the bill without one. Lummis said the Senate would work through the weekend to get it done. Neither got a pre-recess vote, but Thune’s signal keeps the effort moving.
NEW: Leader Thune’s office is telling crypto industry leaders today that the majority leader still intends to file cloture on the motion to proceed to the Clarity Act before lawmakers leave for August recess, per multiple sources.
The move would tee up a vote on the Clarity…
— Eleanor Terrett (@EleanorTerrett) August 7, 2026
Terrett highlighted two significant issues that remain unresolved. The first involves yield. The topic reemerged as a front-and-center dispute after Wall Street Journal op-eds drew attention to it. Banks have made significant inroads persuading Republican members that the language in the bill needs to change. Negotiators will need to find a path forward on that before September.
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The second is the ethics provision. Democrats want state attorneys general to have authority to sue the Department of Justice over ethics enforcement. Republicans and the White House oppose it. Senators Tom Tillis and Ruben Gallego have led those discussions, but no resolution has been announced.
Terrett also noted that the White House has not responded to the outstanding issues. Any agreement still requires presidential approval before the bill can advance.
The Senate returning with cloture already filed puts the CLARITY Act in a stronger procedural position than it has occupied in months. The votes needed to clear the 60-vote threshold are not yet secured, but more Democrats are showing support. Negotiators have the recess period to work on both yield and ethics before the chamber reconvenes.
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