Trump Administration Urges Senate Republicans to Begin Clarity Act Debate

The Trump administration has urged Senate Republican lawmakers to begin deliberations on the Clarity Act. The U.S. Senate is set to hold a procedural vote on Thursday regarding whether to start considering the bill. Semafor reported that the Trump administration has been lobbying Senate Republicans ahead of the Thursday vote.

Semafor also noted that the Senate plans to address the virtual asset market structure bill this week. The Block reported that the Senate will conduct a procedural vote on Thursday to determine if deliberations on the bill should begin, requiring 60 votes for passage. With 53 Republican seats, the party needs support from at least seven Democratic or independent lawmakers to reach the required threshold.