CLARITY Act Fails in Senate: What It Means for Crypto Regulation, Bitcoin and Investors Now

• The CLARITY Act failed to secure the 60 votes needed to advance in the Senate.
• The SEC and CFTC can continue providing crypto-related guidance under their existing authority.
• BTC and ETH declined following the Senate setback, adding fresh uncertainty to the market.

The CLARITY Act has faced another major setback despite widespread expectations that the crypto bill would pass the Senate this week. While the Senate held a key vote on September 15, the market structure bill did not receive the required 60 votes to move forward.

However, this failure does not mean that the US crypto industry is now left without regulatory action. US regulators, including the SEC and CFTC, have already taken steps to bring the much-needed clarity to the industry.

CLARITY Act Fails to Pass the Senate

The US Senate reportedly voted against the CLARITY Act’s progress. This has stal…

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