New Delhi, Sept. 15 -- The US Senate is set to vote on Tuesday on whether to advance the Clarity Act, a landmark cryptocurrency bill that could establish clearer federal rules for digital assets. The vote will test whether Republican leaders can secure the 60 votes needed to move the legislation forward, with limited time remaining on the Senate calendar this election year.

While procedural, it could determine whether Congress gets another opportunity to negotiate the long-awaited framework for the cryptocurrency industry.

Crypto companies have strongly backed the legislation, arguing that clearer regulations would reduce legal uncertainty and provide a firmer foundation for digital-asset businesses and institutional participation.

The...