CLARITY Act Stalls as US Crypto Regulators Write Rules without Congress
Federal regulators advanced crypto interpretations and exemptions as the bill fell 11 votes short of the 60 needed to move ahead.
- On September 15, the Senate blocked the CLARITY Act, which aimed to divide crypto oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission .
- Every Democrat present voted no alongside four Republicans, citing an impasse over ethics rules regarding President Donald Trump profiting from crypto ventures.
- The 49 supporting senators fell 11 votes short of the 60-vote threshold needed to advance debate on H.R. 3633, preventing floor consideration of the bill's provisions.
- CFTC Chair Michael Selig confirmed on September 22 that the agency will develop crypto market rules using existing authority if legislative efforts remain stalled.
- Prediction markets show a 6% chance of the bill passing before next year, though some officials hope for movement during the post-election lame-duck session.
12 Articles
12 Articles
CLARITY Act stalls as US crypto regulators write rules without Congress
The Senate stopped short of debating a federal crypto market structure bill. A week later, the CFTC chair was still laying out plans for tokenized collateral and round-the-clock markets. The agencies can act under existing law, but their records show…
2026 was not exactly the year of Bitcoin. But the situation has been improving for weeks. Politics does not change that either.
CLARITY Act Fails 49-50: SEC, CFTC Write Rules Anyway
On 15 September, the CLARITY Act failed its Senate test. The procedural vote was 49-50 against advancing H.R. 3633, with no Democratic support and four Republicans voting no. That result did not erase the bill or amount to a final vote on passage. It did, however, block the route its sponsors had chosen and leave Coinbase chief executive Brian Armstrong pointing to the regulators instead. This is therefore an analysis of the substitution now und…
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
