Ross Gerber Says Bitcoin Miners Have Defected to AI — And CLARITY Act Not Passing Is 'Another Fail' for t

Veteran investor Ross Gerber said on Tuesday that the Senate’s failure to advance the CLARITY Act means another setback for Bitcoin (CRYPTO: BTC).

Will Bitcoin Be Impacted?

The key piece of cryptocurrency legislation fell short of the 60 votes needed to advance, as key Democratic negotiators who spent months on the bill voted “No.”

Gerber reacted to the failure, saying, “No Clarity. Another fail for Bitcoin. I think all the miners became AI data centers…”

He took a swipe at Bitcoin mining companies, suggesting they would redirect their capacity to AI compute rather than pure-play BTC mining. This wasn’t the first time he’d made that argument.

Will Regulators Fill the Legislative Gap?

The Clarity Act sought to establish a federal framework distinguishing digital commodities—subject to CFTC oversight—from securities under SEC jurisdiction.

Notably, the SEC clarified last year that proof-of-work mining activities do not fall under federal securities laws. Bitcoin, as we all know, is the world’s largest proof-of-work blockchain, relying on computational resources to validate transactions.

The SEC also issued an interpretation stating that "most cryptocurrency assets," including non-fungible tokens and dollar-backed stablecoins, aren’t securities.