Senate fails to advance the Clarity Act

financeSep 15, 202624373

The Senate on Tuesday failed to advance the Clarity Act after a procedural cloture vote drew 50 votes for and 49 against, well short of the 60 needed to begin debate. Republican leaders had released a revised draft Sunday adding new ethics restrictions to address Democratic concerns about public officials profiting from crypto ventures, but those changes did not win enough support. Sen. Ruben Gallego, a Democratic negotiator, said the compromise would have won many Democratic votes and accused Republicans of protecting the president's financial interests, while Sen. Cynthia Lummis, the bill's top Senate champion, said "it's over" if the procedural vote failed. The bill would have split oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission, set registration requirements, and strengthened anti, money‑laundering protections. Bitcoin fell about 3 percent on the news and Coinbase and Circle shares declined roughly 8 percent and 10 percent respectively amid a broader market selloff. With senators set to leave Washington ahead of midterm elections and the House recessing this week, sponsors say the earliest realistic chance for renewed congressional action is next year, and industry figures expect regulatory momentum to shift to agency rulemaking in the meantime. The stalled vote could also prompt political spending by groups such as the Fairshake political action committee against senators who blocked the bill.

Jamie Dupree

@jamiedupree.bsky.social

As expected, the Senate failed to force the start of debate on the CLARITY Act, a bill designed to set up a regulatory framework on cryptocurrency. Democrats said the bill did not do enough about ethics issues / crypto / government officials (read: Trump). 60 votes were needed to advance.

822h ago

Kind of disingenuous not to mention that these “regulations” have loads of loopholes and allow the president to profit off of crypto massively. The only good regulation on crypto is one that outlaws it completely.

JacqueBlue3

That's a GOOD THING! It doesn't do anything to protect the people which is what should be the goal. Just like the SAVE Act, Laken Riley Act, KOSA... STOP giving bills to the trump regime!

AndrewRoger1

regulatory framework...lol-more holes than swiss cheese, endorsed by Trump. Hell no

Quoting this

Jeff Fecke8

LOL they couldn't even get a majority for cloture.

Starry Knight Press2

Glad this one went down in failure! 👍 The Crypto-owned Dems, like Kirsten Gillibrand, couldn't get it done with their GOP allies.

Indivisible ❌👑

@indivisible.org

The Senate’s failure to advance the CLARITY Act is a step in the right direction, and a clear sign that crypto special interests can’t simply buy their way to a legislative win. 🧵

78Just now

Tina Smith

@smith.senate.gov

We certainly need real crypto regulations that are much stronger than the CLARITY Act. But there seem to be bigger fish to fry right now!

621h ago

Senate Press Gallery

@senatepress.bsky.social

By a vote of 49-50, the #Senate did not invoke cloture on the motion to proceed to to H.R.3633, the Clarity Act. GOP Senators Collins, Hawley, and Moran voted no. Senator Coons did not vote. Senator Tillis changed his vote to no and entered a motion to reconsider.

92h ago

Quoting this

MLC9

Wow!!! Even Fetterman a no! Way to go gang!

Jonathan Bernstein6

Crypto bill appears to be at least mostly dead for this Congress.

Corey Frayer

@csfrayer.bsky.social

I spent months at SEC working with crypto to help them comply with the law. Both sides of Congress criticized us for not getting a deal with them It's rewarding to watch this bill fail as Congress learns what I already knew: crypto doesn't negotiate in good faith www.coindesk.com/policy/2026/...

182h ago

Forbes

@forbes.com

The legislation seeks to place cryptocurrency under increased federal oversight, though some Democrats have argued it contains loopholes President Donald Trump and his family could take advantage of.

152h ago

Ken Bazinet

@kenbazinet.bsky.social

In the end, the poorly named Clarity Act couldn't win enough votes for a simple majority. The GOP crypto bill crashed and burned on the cloture vote, 49 in favor, 50 opposed. Crypto lobby spent at least $190 million to pass the bill, but Democrats rejected it as a scam that protected Trump grift.

152h ago

H.E. Cas Piancey

@cascoinfoundation.org

I really hope the CLARITY Act failing gets this whiny bitch to finally leave.

152h ago

Attorney General Keith Ellison

@ag.state.mn.us

Good news out of D.C.: The Trump-backed Clarity Act failed in the Senate. Yesterday a coalition of 15 AGs and I came out against the bill because it would make it harder to stop cryptocurrency fraud. I’m going to keep fighting to protect Minnesotans from crypto scams. www.yahoo.com/news/politic...

11Just now

CBS News

@cbsnews.com

BREAKING: The Senate fails to advance a sweeping cryptocurrency bill amid opposition from Democrats and some Republicans.

72h ago

Ms. Misanthrope 🇺🇸

@lilmsmisanthrope.bsky.social

The Senate failed to advance the CLARITY Act Tuesday, falling short of the 60 votes needed. Democrats said its ethics provisions did not do enough to limit Trump's crypto profits, disclosed at over $1 billion in 2025. Sen. Cynthia Lummis said, "I think we're done. It's over."

62h ago

David Darmofal

@daviddarmofal.bsky.social

Good. Unless the crypto stans can explain to me why every crypto promoter is a grifter, we shouldn't be supporting this crap. Senate Votes to Block Crypto Bill in Major Blow to the Industry

81h ago

Techmeme

@techmeme.com

The Senate fails to advance the Clarity Act, dealing a major blow to the crypto industry's push for a comprehensive market structure framework (CNBC) Main Link | Techmeme Permalink

52h ago

Jeffrey Winfield 💙 🌈 🫂 🫘 🏳️‍🌈

@maverickhammed.bsky.social

🚨 A bill that would create business-friendly rules for cryptocurrencies stalled in the Senate, a major blow to the crypto industry’s plans. The Senate voted 50 to 49 to block consideration of the Clarity Act. Rep. want the bill, Democrats opposed it. Their concerns centered on Trump. @nytimes.com

31h ago

iphawk

@iphawk.bsky.social

Passing the Clarity Act with more crypto nonsense while inflation running wild due to the Iran War and Tariffs would be totally crazy.

72h ago

3 sources

cnbc.comSenate cloture vote on Clarity Act fails, dealing regulatory blow to crypto industry coindesk.comCrypto’s biggest Senate push falls flat as the Clarity Act fails to clear a crucial procedural vote yahoo.comClarity Act Stalls in Senate as Crypto Bill Fails to Clear Key Vote

Senate fails to advance the Clarity Actfinance

Senate fails to advance the Clarity Act

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