0833 GMT - The upcoming Senate cloture vote is the crypto Clarity Act's most immediate obstacle, says Andrew Melville, head of research at institutional crypto derivatives data and analytics firm Block Scholes. The Sept. 15 vote can end the debate on the motion to proceed and begin the process of bringing the crypto bill for a final vote. Melville notes that the bill is also up against tight session timelines interrupted by the Midterm elections. The version being debated in the Senate also has significant revisions and must be reconciled with the version the House passed before President Trump can sign off on it. "If the measure is not enacted before the 119th Congress ends on 3 January 2027, it will expire and must be reintroduced in the new Congress."
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