Senate Majority Leader Thune filed a cloture motion on the Clarity Act, scheduling a procedural vote for September 15, the day after the Senate returns from recess. The motion requires at least seven non-Republican senators to reach the 60-vote threshold, making passage uncertain but operationally imminent as a forcing event. The bill would create a statutory framework distinguishing digital commodities from securities, with disclosure and registration requirements for platforms.
For Armada's crypto-repo desk, Clarity Act passage would directly shape which tokens qualify as eligible collateral under a regulated framework and what counterparty due diligence is required. BTC, ETH, and SOL classifications under the bill could either legitimize or constrain current collateral policy. Legal counsel should begin mapping proposed definitions against Armada's existing collateral schedule now.