John Thune, a Republican, early Saturday morning filed to set up a key procedural vote on the Clarity Act when the Senate returns from its August recess in mid-September, potentially paving the way for a full floor vote on the bill, according to the US Senate Press Gallery website.

The CLARITY Act defines SEC and CFTC crypto jurisdiction. The Senate has one day to pass it before recess, but needs 60 votes to clear a

The U.S. Senate won't go on its August recess just yet but it will not vote on the Clarity Act this month, dimming hopes that the bill can become law this year.