US Senate Republicans Push for Clarity Act Debate Start on September 16

U.S. Senate Republicans Bernie Moreno and Dave McCormick have called for supporting the initial vote on whether to begin deliberations on the Clarity Act (CLARITY Act), a bill aimed at clarifying cryptocurrency market structure. The vote is scheduled for September 16 at 3:15 AM EDT, which corresponds to 3:15 AM KST.

Moreno, a Republican senator from Ohio, stated on X that the upcoming vote does not determine whether the bill will pass but rather if the Senate will begin debating it. He added that concerns about the legislation can be addressed through amendments after debate begins. Similarly, Pennsylvania Republican Senator Dave McCormick emphasized the need for clear regulations to protect consumers and foster innovation within the U.S., urging the Senate to advance the bill on September 16.