The US Senate has begun the multi-stage process to advance the Crypto Clarity Act, according to reporting from CoinDesk. This move keeps the bill alive for a potential vote next month.
The majority leader has opened the initial stage of the voting process, which is a standard procedure in the Senate when attempting to overcome the 60-vote hurdle required for a bill to pass.
This development suggests that the Crypto Clarity Act still has a chance of being passed in September, despite the challenges it faces in reaching the necessary vote threshold.