Huge Week Ahead for Crypto: Clarity Act Vote in the Senate! | Ron Hammond

**Tony Edward** (0:00)
How quick of a turnaround would it be if they get this initial vote done? Would it be the following week that they can start the process of the floor vote?

**Ron Hammond** (0:08)
They would go, actually hold on the bill immediately right afterwards, so that like the debate would start kicking off.
You know, they allocated a couple hours to floor time. They might not use all the hours for debate. But the big thing to watch is if we get to that threshold, we get to that point, we're saying, all right, now it's time to debate this on the floor. Let's see, you know, Elizabeth Warren versus Tim Scott or Senator Lummis or someone to that fact.

**Tony Edward** (0:33)
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Link will be in the description. Hey folks, welcome into The Thinking Crypto Podcast. I'm Tony Edward and joining me is Ron Hammond, who's the head of policy and advocacy at Wintermute. Ron, great to have you.

**Ron Hammond** (3:06)
Always good to be on, Tony. I've got a lot to talk about and the big week's coming up, so looking forward to diving into all of it.

**Tony Edward** (3:11)
Absolutely, Ron. I thought of you because next week, we got the Senate potentially looking to get the vote started with the Clarity Act. I think it's earmarked for September 15th, if I'm not mistaken.
What's the latest? Where do we stand as far as what's going to happen next?

**Ron Hammond** (3:29)
Yeah, so there's a lot happening right now to your point. Just to clarify this well, this is the vote to have a vote later on for clarity. This is just the procedural vote, but typically people won't vote for this if they don't like the bill usually, but that's kind of the situation we're going to now. So at a high level, the latest text just came out from the Clarity Act drafters. We saw about 100 technical changes of sorts throughout the bill draft. Fairly small stuff, nothing was too surprising, some tweaks to more the AML provisions, D5 provisions, and a few other areas as well. But overall, we've seen this bill and the 600 pages for a couple months, almost a year now at this point. So nothing too shocking.