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What the CLARITY Act’s Senate Failure Portends for DeFi and US Builders

What the CLARITY Act’s Senate Failure Portends for DeFi and US Builders
Source: rande-academy.cz

On September 15, the Digital Asset Market CLARITY Act fell 11 votes short of reaching the Senate floor for debate, failing a key procedural threshold with a final tally of 49 to 50 against th

Summary

  • Policy On September 15, the Digital Asset Market CLARITY Act fell 11 votes short of reaching the Senate floor for debate, failing a key procedural threshold with a final tally of 49 to 50 against th Hero article visual / chart / editorial image CryptoCompass editorial visual for policy coverage.
  • On September 15, the Digital Asset Market CLARITY Act fell 11 votes short of reaching the Senate floor for debate, failing a key procedural threshold with a final tally of 49 to 50 against the required 60 votes.
  • The bill is not formally dead because a motion to reconsider is still pending, and its House author, French Hill, who chairs the House Financial Services Committee, wants another shot after the midterms.
  • Yet weeks later, US crypto developers face a more pertinent question: How dependable is clarity when it stems from SEC and CFTC oversight rather than Congressional action?
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