In essence, the lack of updates on cloture Wednesday evening may simply indicate no significant developments.
One possibility is that Majority Leader John Thune initiates cloture on Wednesday night. In this scenario, he could navigate through the Senate’s other pressing matters by Friday and then conduct the first procedural vote on Friday evening. Following that, lawmakers may return to their districts to engage with constituents and campaign for the upcoming elections.
Conversely, the Senate could choose to adjourn on Friday, August 7, without taking any additional action on the Clarity Act.
Should this occur, the Senate could reconvene in September to revisit the Clarity Act. At that time, they will also need to address government funding and other critical issues, with only 14 working days available in September and October. Consequently, advancing the Clarity Act during this period may prove challenging unless Senators agree to facilitate its progress. Nevertheless, there remains a viable opportunity for the Clarity Act to pass in that timeframe.
A legislative staff member informed CoinDesk that if pending matters are resolved, the bill stands a good chance of being approved in September.
Alternatively, the Senate might extend its session into the weekend or the following week to tackle remaining issues, potentially allowing for at least a first procedural vote on the Clarity Act.