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Crypto journalist Eleanor Terrett reported that seven US Democratic senators, including Kirsten Gillibrand, Mark Warner, Ruben Gallego, and Angela Alsobrooks, have pledged to advance the Clarity Act through bipartisan efforts. According to informed sources, relevant parties are attempting to restart bipartisan negotiations and are assessing both sides' willingness to pass the bill by year-end.
Odaily reports: A Fox Business crypto reporter posted on X that 7 U.S. Senate Democrats, including Gillibrand, Mark Warner, Ruben Gallego, and Angela Alsobrooks, said they are committed to advancing the Clarity Act through bipartisan efforts. According to 3 people familiar with the matter, initial attempts are underway to restart bipartisan negotiations and assess both sides' willingness to return to the negotiating table before the end of the year to push for the bill's passage.
According to Cointelegraph, the U.S. cryptocurrency market structure bill, the Clarity Act, failed to advance after falling short of the Senate's sixty-vote threshold. Policy advocate Adrian Wall stated that bipartisan lawmakers are considering making a final attempt to vote on the legislation during the post-election lame-duck session.
Odaily News: U.S. SEC Chairman Paul Atkins stated that regardless of whether the relevant legislation advances, the SEC will take decisive action to provide a clear regulatory framework for American investors and entrepreneurs, adding, "Stay tuned."The CLARITY Act previously stalled in the U.S. Senate, and CFTC Chairman Michael S. Selig also stated that he will use existing statutory authority to continue advancing crypto asset regulatory rulemaking.
According to Cointelegraph, the U.S. Senate failed to advance a procedural vote on the Digital Asset Market Clarity Act (CLARITY Act) on Tuesday. Bernstein analysts anticipate that the SEC and CFTC will subsequently embark on "proactive and swift" rulemaking to compensate for the time lost during prior negotiations. The forthcoming regulations are expected to cover: classification criteria for token offerings, developer protections for DeFi and self-custody protocols, innovation exemptions for equity tokenization, an expedited approval pathway for physical asset perpetual futures, and swap designation rules for federal sports event contracts. Bernstein pointed out that the CLARITY Act was originally intended to provide the industry with institutional safeguards against "shifts in political winds," and its defeat has once again cast doubt on regulatory certainty. Analysts also noted that the likelihood of a reconsidered vote on the bill remains low.
Bernstein analysts said that after the U.S. Senate failed to pass the procedural vote on the Digital Asset Market Clarity Act, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are expected to accelerate the development of digital asset regulatory rules.The analysts expect the new rules to cover the classification of fundraising tokens, protections for DeFi and self-custody protocol developers, innovation exemptions for equity tokenization, approval of real-world asset perpetual futures, and adjustments to swap classification rules for federal sports event contracts. (Cointelegraph)
According to official social media announcements, HTX will host a live stream at 8 PM today titled “The Clarity Act Stalls, Fed Rate Hikes Weigh Heavily: Is the $75K $BTC Defense Line a Bear Factor Clearance or the Eve of a Breakdown?” Crypto KOLs including Chan Ge, Damo Ge, 0x31ad, FoodieNotAfraidOfFat, and Zizi will join the broadcast to discuss developments surrounding the Clarity Act, expected Federal Reserve monetary policy shifts, and their impact on cryptocurrency market liquidity. Building on BTC’s recent price action, the session will closely examine the long-versus-short dynamics around the critical $75,000 support level and outline the key variables that could shape market conditions going forward.
Odaily News: U.S. Democratic Senator Elizabeth Warren stated that she still hopes to push a crypto regulatory bill into law, but does not support the current version of the Clarity Act.Warren said the Clarity Act is Washington's first opportunity to achieve "meaningful crypto regulation," but any bill must include several core elements: regulating public officials' crypto investments, protecting national security and consumers, and strengthening the fight against illicit finance and terrorist financing.Her stance could become more critical next year. If Democrats regain control of the Senate after the November election, Warren could become chair of the Senate Banking Committee, one of the key bodies for digital asset regulatory legislation. The article notes that Kalshi prediction markets currently show a 52% probability of Democrats retaking the Senate.When asked whether she would lead crypto legislation if she headed the Banking Committee, Warren said she would be willing. She said she is willing to sit down with Democrats, Republicans, and the industry to craft a crypto bill that protects national security, protects the economy, and reduces corruption.
The U.S. Senate failed to pass the Digital Asset Market Clarity Act, receiving only 49 votes in support. The bill was primarily stalled due to disagreements between the two parties over ethical restrictions on President Trump's crypto holdings. Republicans accused Democrats of refusing to compromise, and negotiations ultimately broke down.
The U.S. Senate failed to advance the Clarity Act due to insufficient votes, triggering a broad decline in crypto-linked stocks, with Coinbase and Circle each dropping over 10% intraday.
The U.S. Senate failed to advance the Digital Asset Market Clarity Act on a 49-50 vote, causing crypto stocks such as Coinbase and Circle to collectively fall more than 8% that day. The legislative setback has temporarily stalled the industry's long-awaited federal market structure framework.
Odaily News: A Fox Business crypto reporter posted on X that U.S. Senator John Kennedy said he was "not surprised" by the failure of the Clarity Act vote, but does not believe the bill is dead. John Kennedy stated that Democratic colleagues understand the need to establish a crypto market structure that appears to have been intentionally designed, but the related work will have to wait until the lame-duck session.U.S. Senator Ted Cruz, citing the film The Princess Bride, said there is a big difference between the bill being "dead" and "mostly dead," and expressed hope that it can be brought back to life. Ted Cruz blamed Democrats for the failed vote, saying they are "playing politics" and driving crypto industry activity and jobs overseas.
The Clarity Act failed after falling short of 60 Senate votes. Industry executives noted that it does not alter the long-established regulatory trajectory, but warned that the lack of a statutory foundation will heighten uncertainty and could accelerate corporate migration to markets such as the EU.
The U.S. Senate failed to advance the Digital Asset Market Clarity Act due to insufficient votes. Hampered by internal disputes over provisions and opposition from state attorneys general, the bill is expected to stall this year.
According to Odaily, a Fox Business crypto reporter posted on X that several Democratic senators, including Gillibrand, Warner, Booker, Warnock, Gallego, and Cortez Masto, all voted against the Clarity Act. These senators had been involved in negotiations over the bill for months, and attention is now on Sen. Alsobrooks' vote.
The Digital Asset Market Clarity Act made no progress during Tuesday's Senate vote, failing to secure the required 60 votes. Despite months of bipartisan negotiating, it ultimately failed due to unresolved core differences, including those over ethical provisions.
Odaily News: A Fox Business crypto reporter posted on X that Clarity Act author @SenLummis is lobbying for a vote, calling on Democrats to vote to advance the bill after Republicans made major concessions on ethics rules and other provisions. The reporter said that, according to their previous post, bipartisan negotiations appear to have suddenly ended.
Odaily News: The U.S. crypto market structure bill, the Clarity Act, is approaching its first Senate vote, with no indication that the two sides have reached an agreement sufficient to ensure the bill's passage. A counterproposal put forward by Democrats on Monday evening has already met with Republican resistance. (CoinDesk)
According to Crypto in America, the U.S. Senate will hold a key procedural vote on the Clarity Act today (September 15) at 2:15 p.m., which requires 60 votes to advance to formal debate. At the Democrats' request, Republicans have made 126 substantive amendments to the bill, covering ethics provisions, protections for software developers, and a "circuit breaker" mechanism for stablecoin deposits, designating it as the "final, best and final" version.
According to The Block, Katie Wobadden, spokesperson for Senator Cynthia Lummis, stated that the Democrats' amended counterproposal for the latest version of the Clarity Act is identical to their pre-recess position, leading Republicans to reject it. Wobadden noted that Republicans have already made significant concessions on multiple fronts, including agreeing to nearly the entire Tillis-Gallego ethics framework, while Democrats "have not budged," and called on them to engage in substantive negotiations.