U.S. Senator says the failed vote on the crypto market structure bill, the CLARITY Act, is not the end, still needs 3 votes to be revived in 2026.
Seven Democratic senators stated on September 16 that the CLARITY Act's failure to pass a Senate vote was not the end. The crypto market structure bill failed to pass a procedural motion the previous day with a 49-50 vote, requiring 60 votes to advance. Currently, whether the bill can ultimately become law depends on the pressing legislative schedule, unresolved policy disputes, and cooperation from the House of Representatives. Even if all seven senators who signed the statement had voted in favor, the count would only reach 56 votes, still four votes short of the required 60. If North Carolina Republican Senator Thom Tillis's procedural "no" vote (intended to reserve the right to reconsider) were added, the total would be 57 votes, still three votes short. The bill's passage also requires resolving policy differences, including ethical restrictions related to presidential cryptocurrency holdings, stablecoin reward mechanisms, and consumer protection.
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