CLARITY Bill Fails Senate Vote, Crypto Regulation Stalls

Author: David Christopher

Compiled by Deep潮 TechFlow

DeepInsight Summary: The CLARITY bill failed in the Senate with a vote of 49 to 50, far short of the 60-vote threshold. This is not the end for crypto: the CFTC and SEC will continue pushing to implement regulations, but a comprehensive legislative framework that is difficult to overturn is unlikely in the near term. For long-term investors, the timeline for regulatory clarity has once again become uncertain.

Clarity's most recent and highly anticipated vote failed last night.

It’s important to clarify that this vote is not about getting CLARITY passed in the Senate. It merely determines whether senators are ready to move the bill out of its months-long negotiation phase and formally bring it to the full Senate for consideration.

The result was 49 votes to 50, far short of the required 60 votes. It seems they’re not ready yet.

To reach this point

The long-delayed bill reignited hope last weekend, making today’s disappointment all the more painful.

On Sunday evening, Republicans unveiled their final draft of CLARITY, incorporating over 100 substantive amendments proposed by Democrats. Most notably, it includes a much stronger set of ethics rules, which President Trump has agreed to—intended to address one of the biggest obstacles supported by Democrats.