The CLARITY Act isn’t dead, just delayed. Thune filed cloture before the August recess, so it’s back on the calendar for a procedural vote Sept 15. Still unresolved: ethics rules for officials with crypto ties, DeFi treatment, and stablecoin rewards, the same fights that stalled it all summer. If it clears the Senate, it’s the first real securities-vs-commodity framework for digital assets in the US.

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