PANews|Aug 07, 2026 01:47
[Clarity Act Faces Critical Test Before Recess, White House Response and Procedural Vote in Focus]
According to crypto journalist Eleanor Terrett's report on the X platform, the advancement of the Clarity Act is currently in a state of complete anticipation—on one hand, awaiting the White House's response or counterproposal to the bipartisan ethics counterproposal, and on the other hand, waiting to see if Majority Leader Thune will submit a procedural vote motion tonight. Both sides are concerned that a failed procedural vote could render a year's worth of effort futile, but the crypto industry and Republicans are also pressuring for the act to move forward before the recess. The issue of stablecoin yields is becoming a larger point of contention, with more lawmakers demanding revisions to the text, and an editorial from *The Wall Street Journal* has provided them with additional support. Increasingly, people believe that if the motion is not submitted tonight, it will be impossible to advance the act before the recess.
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