A 60-Vote Hurdle Tests CLARITY as Crypto Rules Evolve

Grayscale says U.S. crypto regulation does not live or die on a single Senate procedure. In a research note published ahead of the September 15 cloture vote on the CLARITY Act, the asset manager argued that federal digital-asset policy is advancing on multiple fronts, including stablecoins, token issuance, tokenized securities and derivatives, regardless of whether the bill clears its next hurdle.

That does not make the vote irrelevant. Grayscale’s position is that CLARITY remains a comprehensive route to a federal framework, while its failure would not halt work already developing in other areas of digital-asset policy.

On September 15, the Senate votes to advance the CLARITY Act.

Grayscale Research believes meaningful crypto regulation will move forward regardless of its outcome. US policymakers are already building clearer frameworks for stablecoins, token issuance, tokenized securities, and… pic.twitter.com/666Xpd6fvh

Sep 10, 2026

Grayscale Research set out its position in a post on X, saying that passage of the CLARITY Act was not necessary for further regulatory progress involving stablecoins, token sales, and crypto derivatives. The post reflects the firm’s view heading into a consequential week in Washington, rather than predicting the bill’s eventual outcome.