CLARITY Act Senate Vote Fails 49–50 as Ethics Dispute Sinks Cloture
13 Articles
13 Articles
The failure of the Clarity Act left the US crypto industry without the federal framework it expected and reinforced the competitive advantage of jurisdictions like Dubai. Banks, stablecoins and regulators remain at the center of a dispute that will now continue through rules, interpretations and exemptions from the SEC and the CFTC.
Why Did the Clarity Act Fail in a 49-50 Senate Vote?
The Clarity Act setback has left the U.S. crypto industry without the federal market structure framework many had sought, after the Senate voted 49-50 against advancing the bill. That result means crypto policy in the United States remains shaped largely by the Securities and Exchange Commission and the Commodity Futures Trading Commission through existing rules,… The post Why Did the Clarity Act Fail in a 49-50 Senate Vote? first appeared on Cr…
When the Senate Stalls, the Agencies Move Alone
Two agencies are writing the rules Congress couldn't pass. The SEC proposed Reg Crypto in August; the CFTC filed with the White House two days after the CLARITY Act died. The structural question is whether targeted rulemaking can substitute for comprehensive legislation - or whether it creates a patchwork firms must navigate alone.
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