Senate prepares votes on crypto oversight bill and college sports reform

Lawmakers reconvened in Washington for a three‑week stint, during which the Senate will first hold a procedural vote on the “Clarity Act,” a cryptocurrency regulatory framework that assigns oversight to the SEC and CFTC and requires a 60‑vote threshold. A second test vote is slated before the end of September on a college‑sports reform bill that would cap NIL compensation. Ahead of these votes, crypto supporters and banking lobbyists intensified efforts in senators’ home states, deploying op‑eds, letter‑writing drives and in‑person events to build grassroots pressure. The outcome will determine future U.S. crypto regulation and the governance of college athletics financing.