US Senate Rejects CLARITY Act Cloture Vote, Shifting Crypto Oversight to Regulators
The US Senate voted 50-49 against advancing the Digital Asset Market Clarity Act on September 15, 2026, falling short of the 60 votes needed for cloture.
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The US Senate voted 50-49 against advancing the Digital Asset Market Clarity Act on September 15, 2026, falling short of the 60 votes needed for cloture.
The US Senate failed to advance the CLARITY Act via cloture despite Ripple CEO Brad Garlinghouse's appeal, prompting the CFTC and SEC to pursue crypto rules under existing authority.
The CFTC sent a prerule on crypto asset transactions and markets to the White House for review on Sept. 17, days after the Senate killed the CLARITY Act.
NYSE parent ICE is evaluating Avalanche blockchain to run a planned 24/7 tokenized securities settlement platform, but says no final choice has been made.