- The collapse of the U.S. Senate's CLARITY Act was attributed in large part to sustained pressure from the cryptocurrency industry and repeated reversals of bipartisan agreements.
- Democrats and Republicans repeatedly revised agreed terms despite thousands of hours of negotiations when the industry objected, and pressure from Coinbase and a16z was specifically cited.
- The Senate made sweeping changes to the bill, and industry participants countered that they had also made substantial concessions, including accepting meaningful limits on stablecoin rewards.
Crypto Industry Pressure Repeatedly Undid Bipartisan Deals, Helping Sink CLARITY Act in Senate
A U.S. market-structure bill for the cryptocurrency industry, the CLARITY Act, was derailed in the Senate in part because sustained pressure from the crypto sector repeatedly unraveled bipartisan agreements, according to a report.
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Sep 20, 2026 at 11:11 PM UTC · 2 min de leitura
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A U.S. market-structure bill for the cryptocurrency industry, the CLARITY Act, was derailed in the Senate in part because sustained pressure from the crypto sector repeatedly unraveled bipartisan agreements, according to a report.
Punchbowl News reporter Brendan Pedersen wrote on X on Sept. 20 that interviews with more than 12 congressional aides involved in the legislation pointed to flawed negotiations, wasted time and excessive pressure from the crypto industry as key reasons the bill failed.
According to Punchbowl News, Democrats and Republicans spent thousands of hours negotiating the bill beginning in September last year. But even after the two sides reached agreements in principle in private talks or worked out specific legislative language, those terms were repeatedly revised when the industry objected.
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