The 'Clarity Act', a pro-crypto bill, has flaws: Action is needed today

cryptonews.ruPublicado a 2026-07-28Actualizado a 2026-07-28

Resumen

The likelihood that the U.S. Senate will vote on the CLARITY Act, a bill aiming to establish a regulatory framework for the cryptocurrency market, before the August summer recess appears low. Crypto journalist Eleanor Terrett reported that expectations are diminishing for Senate Majority Leader John Thune to file cloture to end debate and initiate a voting process this week. According to Senate procedures, Thune needed to file the motion to proceed on the bill today for a potential Thursday vote. However, sources close to the process indicate priority is expected to be given to legislation involving sanctions against Russia and Iran. Consequently, the crypto sector's focus has shifted to next week. Industry representatives argue that even if a final vote on the CLARITY Act does not occur before the holiday break, it is crucial for the Senate leadership to at least begin the cloture process prior to the August recess. Failing to initiate this process before the break could delay the bill's consideration until the fall legislative session, further postponing comprehensive cryptocurrency market regulation in the United States.

Crypto journalist Eleanor Terrett reported that the likelihood of the U.S. Senate voting on the CLARITY Act bill, aimed at establishing a regulatory framework for the cryptocurrency market, before the August summer recess is low.

Expectations are diminishing that Senate Majority Leader John Thune will introduce a motion to end debate on the bill and begin the voting process this week.

According to Senate procedures, Thune needs to introduce a cloture motion today on the question of proceeding to the bill's consideration to allow a vote on Thursday. However, sources close to the process claim that priority is expected to be given to a bill that includes sanctions against Russia and Iran.

Therefore, the focus of the cryptocurrency sector is shifting to next week. Industry representatives state that even if a final vote on the CLARITY Act does not occur before the recess, it is critically important for the Senate leadership to at least initiate the cloture process before the August break.

If this process is not started before the recess, consideration of the bill could be delayed until the fall legislative session, further postponing comprehensive cryptocurrency market regulation in the United States.

*This is not investment advice.

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Preguntas relacionadas

QWhat is the current likelihood that the US Senate will vote on the CLARITY Act before the August recess?

AThe likelihood is low. According to cryptocurrency journalist Eleanor Terrett, it is improbable that the US Senate will vote on the CLARITY Act before the summer recess in August.

QWho is the Senate Majority Leader mentioned in the article, and what action does he need to take for a vote to proceed this week?

AThe Senate Majority Leader is John Thune. To enable a vote on Thursday, he would need to file a cloture motion to end debate on the motion to proceed with the bill.

QAccording to the article, which piece of legislation is expected to take priority over the CLARITY Act this week?

AA bill that includes sanctions against Russia and Iran is expected to take priority over the CLARITY Act this week.

QWhat is the crypto sector's focus for next week regarding the CLARITY Act, according to the article?

AThe crypto sector's focus is on next week. Sector representatives state it is critical for the Senate leadership to at least start the cloture process (to end debate) before the August recess.

QWhat is the potential consequence if the cloture process for the CLARITY Act is not started before the August recess?

AIf the cloture process is not started before the recess, consideration of the bill could be delayed until the fall legislative session, further postponing comprehensive regulation of the US cryptocurrency market.

Lecturas Relacionadas

Core Scientific Writes Off $41.9 Million to Accelerate Exit from Bitcoin Mining

Core Scientific reported a $41.9 million payment to terminate a contract with Block and its subsidiary Proto for the supply of Bitcoin mining chips. This move finalizes its exit from plans to grow its hash rate, shifting its business model entirely towards AI colocation. The agreement, announced in July 2024, was for 3nm chips providing roughly 15 EH/s of hash rate. Following the cancellation, Core Scientific stated it will no longer invest in new mining hardware to maintain or expand its cryptocurrency mining capacity. Instead, it will generate cash flow from its existing mining fleet while repurposing its data centers, potentially selling or decommissioning ASIC miners. In Q2 2026, revenue from AI colocation surged to $136.7 million from $10.6 million a year earlier, representing 83% of total revenue. In contrast, its own Bitcoin mining revenue fell 66% to $21.5 million. Quarterly Bitcoin production dropped 53% year-over-year. AI colocation capacity reached 437 MW by mid-July 2026, with CoreWeave accounting for all current hosting revenue and approximately 77% of Core Scientific's total revenue in H1 2026. The company also announced a partnership with AMD for up to 2.5 GW of potential data center capacity, with initial 15-year agreements for about 530 MW estimated to bring in over $14 billion in contract revenue. Total Q2 revenue grew to $164.2 million, while capital expenditures jumped to $797.5 million. As of June 30, 2026, the company reported long-term debt of $4.3 billion and free liquidity of $1.82 billion. The shift aligns with a broader industry trend of major Bitcoin miners accelerating a pivot to AI amid pressure on Bitcoin mining profitability.

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