Clarity Act Fails Senate Cloture Vote, Crypto Legislation Stalls
- Regulation
- Market Structure
The Senate failed to advance the Clarity Act past the 60-vote procedural hurdle on September 15, ending the 2026 push for comprehensive crypto market structure rules. Bitcoin and major tokens dipped as traders unwound long positions worth hundreds of millions. Industry groups that spent years and millions lobbying called the defeat a major setback that leaves rulemaking to agencies.