Representative French Hill hopes lawmakers could pass a cryptocurrency market structure bill before the next session of Congress in 2027 as SEC and CFTC actions weren’t sufficient Representative French Hill, who chairs the House Financial Services Committee, said that though US financial regulators were moving forward with addressing digital assets, their actions lacked the long-term stability of legislation from Congress. In a Wednesday Fox Business interview, the Arkansas lawmaker said the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) had taken steps to address crypto regulations after the US Senate failed to pass the Digital Asset Market Clarity (CLARITY) Act last month. Both financial agencies have proposed rulemaking to handle different a…
CFTC Chair Michael Selig claimed that the agency was using its “existing statutory authorities“ to address crypto regulation after Congress failed to advance a market structure bill. US Commodity Futures Trading Commission (CFTC) Chair Michael Selig said that the agency will move forward on crypto regulation at the direction of President Donald Trump “with or without legislation” from Congress. Speaking at the Fordham Law Blockchain Regulatory Symposium on Monday, Selig announced proposals giving crypto companies the option to operate under the CFTC’s umbrella rather than dealing with the patchwork of regulations offered by individual US states. According to written remarks from the event, the CFTC chair said that it had issued an advanced notice of proposed rulemarking for companies “of…
Former CFTC Commissioner Summer Mersinger joined the Blockchain Association in 2025 after resigning during her second term at the federal commodities regulator. Update (Sept. 25, 10:20 pm UTC): This article has been updated to clarify Kristin Smith’s role with the Solana Policy Institute. Summer Mersinger, formerly a commissioner with the US Commodity Futures Trading Commission (CFTC), will step down as CEO of the Blockchain Association and leave the advocacy organization at year’s end after one of the group’s legislative priorities faced a significant setback in Congress. On Friday, the Blockchain Association (BA) announced that Mersinger would step down as CEO on Oct. 16, when the group’s former chief executive, Kristin Smith, would return to lead the organization as interim CEO in addit…
Control of the US House and Senate is up for grabs in 2026, and some advocates speculate that the crypto industry could ratchet up attempts to sway elections after the CLARITY vote. Last week’s US Senate failure to advance a digital asset market structure bill could light a fire under cryptocurrency industry groups seeking to sway key congressional races in the 2026 US midterm election that‘s just 42 days away. Senators on Sept. 15 voted 49 in favor and 50 against advancing the Digital Asset Market Clarity (CLARITY) Act, significantly reducing the chances of Congress passing the legislation with limited days in session before 2027. While some crypto advocates haven’t ruled out the possibility of CLARITY coming up for another vote before the next session of Congress, at least one of the ind…
Coinbase draws scrutiny after the CLARITY Act stalls, while the SEC moves ahead with tokenized stocks and crypto firms push deeper into payments. The crypto industry spent much of the past two years preparing for regulatory clarity in Washington. This week, one of its biggest legislative priorities hit a major roadblock. The CLARITY Act failed to advance in the Senate on Tuesday, falling short of the 60 votes needed to bring the bill to the floor for debate. The setback significantly narrows the bill’s path this year, with the Senate calendar tightening ahead of the Nov. 3 midterm elections. Strategists say crypto exchanges such as Coinbase may have more at stake than most from the stalled legislation.
Crypto missed out CLARITY, but tokenized stocks were legalized and the Bitcoin Reserve advanced. Meanwhile Standard Chartered says Arbitrum’s price could increase 70 times by 2030. After a year’s buildup, the US Senate failed to pass a cloture motion on the Digital Asset Market Clarity (CLARITY) Act. The motion received just 49 votes in favor and 50 against, well short of the 60 votes required. However, Republican Senator Thom Tillis’s “no” vote was not all it seemed, and he confirmed he’d only switched sides at the last minute to enable him to call a new vote in future.
Coinbase, Strategy and other crypto-linked stocks rallied Friday as the CFTC and SEC moved ahead with crypto-related actions under existing authority. Crypto-linked stocks rebounded sharply on Friday, reversing losses that followed the Senate’s failure to advance the CLARITY Act earlier this week, as Bitcoin climbed back above $80,000. Strategy led the gains, rising more than 13%, while Coinbase and American Bitcoin climbed about 11% each. Robinhood gained nearly 9%, according to Yahoo Finance data. Source: Yahoo Finance
CLARITY isn’t dead after failing a key Senate vote, but with time running short and Democrats still demanding changes, its path forward is narrowing. Water, water everywhere and not a drop to drink may be the sentiment of the crypto industry, lobbyists and lawmakers who’ve spent the last year trying to get the CLARITY Act over the line. No shortage of negotiations, amendments or political wrangling; yet not enough to get the bill moving through the Senate. The CLARITY Act may have rammed into a Senate-shaped hurdle this week, but it isn’t dead on arrival yet — let’s go with walking wounded.
Digital Sovereignty Alliance managing director Adrian Wall said senators from both parties are considering another attempt to advance the crypto market structure bill before the current Congress ends. The CLARITY Act could get another chance in Congress during the post-election lame-duck session despite failing to advance in the Senate this week, according to Digital Sovereignty Alliance managing director Adrian Wall. Wall said Wednesday that he has spoken directly with senators from both parties who are considering another attempt to advance the crypto market structure legislation before the current Congress ends. “There is an appetite to put this forward even during the lame duck period of Congress,” Wall said during Cointelegraph’s Chain Reaction show on X. “Is it easy? No. It’s going t…
A strategist at the Danish bank said Coinbase has more at stake in the CLARITY setback because its trading business is directly exposed to US market-structure rules. While Bitcoin and crypto-linked stocks fell sharply after the US Senate failed to advance the Digital Asset Market Clarity, or CLARITY, Act, Saxo Bank believes exchanges like Coinbase have more at stake than most because clearer rules could directly affect their trading businesses. In a Wednesday note, Saxo strategist Ruben Dalfovo said Coinbase (COIN) is the most directly exposed to developments around CLARITY because market-structure rules could determine registration requirements, which assets can trade and who can participate in US crypto markets. “Coinbase is most exposed to clearer market rules because trading and crypto…
Bernstein said the federal agencies will publish new regulations to compensate for the time lost negotiating the CLARITY Act, after its cloture vote failed on Tuesday. Bernstein analysts expect “aggressive and swift” rulemaking from the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), after the Digital Asset Market Clarity (CLARITY) Act failed to pass a Senate cloture vote on Tuesday. Bernstein analysts said the regulatory agencies will publish new regulations to “make up for the time lost negotiating the CLARITY Act,” in a Wednesday note shared with Cointelegraph. The analysts said they expect agency regulations including token taxonomy for raising capital, developer protection measures concerning decentralized finance and self-custodial protoco…
Bitcoin exchange demand on Coinbase declined after the US Senate voted against the CLARITY Act, while traders sent BTC to exchanges at an unrealized loss. Bitcoin (BTC) demand is under pressure in the US as investors react to the failure of the CLARITY Act to advance in the Senate. Key points:
The CLARITY Act still has a procedural path after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over whether Congress has enough time left. Crypto industry leaders are looking to US financial regulators to fill the regulatory gap after a major crypto bill establishing a regulatory framework for digital assets stalled in the Senate on Tuesday. The Senate voted 49-50 on a motion to invoke cloture and advance the CLARITY Act, short of the 60 votes needed as Democrats raised concerns over US President Donald Trump’s crypto investments. Industry executives said the result was a disappointment, but pointed to potential rulemaking from the US Securities and Exchange Commission and Commodity Futures Trading Commission as the next best sourc…
Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining. Crypto-linked stocks fell sharply on Tuesday after the US Senate failed to advance the CLARITY Act, with shares of Circle and Coinbase dropping about 10%. Bitcoin treasury companies were also hit, with American Bitcoin falling around 8%, while Strategy and Strive each declined about 5%, according to Yahoo Finance data. Bitcoin miners joined the selloff, with Riot Platforms falling about 6%, CleanSpark nearly 5%, Hut 8 more than 4% and IREN almost 4%. Coinbase (COIN) shares fell 9.9% on Tuesday. Source: Yahoo Finance
The failed procedural vote leaves the CLARITY Act facing an uncertain future after months of negotiations over crypto oversight and ethics provisions. The US Senate on Tuesday failed to pass a cloture motion on the Digital Asset Market Clarity (CLARITY) Act that would have established the country’s first regulatory framework for digital assets. The motion received 49 votes in favor and 50 against, short of the 60 votes needed to advance the legislation to debate on the Senate floor. With less than 36 days of business before 2027, when a new session of Congress is scheduled to be sworn in after November’s midterm elections, the bill will likely not see further action for the rest of the year.
Banking groups also said the GOP’s final text leaves stablecoin reward loopholes, while tribal gaming interests warn that its prediction market provisions threaten tribal sovereignty. Odds of the CLARITY Act becoming law this year on Polymarket fell sharply again on Monday after spiking the day before, as key Senate Democrats reportedly said they had not been swayed by Republicans’ “final” crypto bill proposal. Polymarket traders initially saw a newly revised Republican proposal with expanded ethics provisions as a positive sign, sending the odds to 35%. However, their confidence was dashed as reservations about the revised text began mounting, with the odds falling back as low as 16% on Monday. US Senator Mark Warner, one of the Democrats involved in negotiations, reportedly said the r…
Some Democrats remain dissatisfied with the bill’s crypto ethics provisions and will be sending a counterproposal just hours before a key procedural vote. Senate Democrats working on the crypto market structure bill are reportedly preparing a counterproposal to the Republicans’ latest revised CLARITY Act text, despite GOP lawmakers describing it as their “last, best and final offer” to Democrats when they released it Sunday. Democrats working on the bill met in Senate Minority Leader Chuck Schumer’s office on Monday, according to Politico. It is understood that some Democrats remain unsatisfied with crypto ethics language in the latest bill text. “The Democrats who’ve been working on this in good faith are sending a counterproposal,” Senator Mark Warner told Politico as he exited the mee…
Trump’s ethics concession addresses one hurdle for the crypto bill, but 18 state attorneys general say the revised legislation would weaken state oversight. The CLARITY Act is heading for a crucial US Senate procedural vote on Tuesday after President Donald Trump agreed to most of a bipartisan proposal to strengthen ethics restrictions around public officials’ crypto interests, according to various reports. However, the latest compromise hasn’t resolved all of the opposition, with a bipartisan group of state attorneys general now urging senators to reject the bill over concerns that it would weaken state oversight of the crypto industry. A coalition of 18 state attorneys general, led by New York Attorney General Letitia James, argued in a letter to Senate Banking committee leaders that the…
Bitcoin traders brace for volatility as the CLARITY Act awaits a Senate vote to move forward and the Fed is due to announce its latest rate decision. Bitcoin (BTC) is starting the third week of September below key weekly support levels as traders eye volatility cues.
The 635-page revised proposal includes Trump-backed ethics provisions and comes just two days before a key procedural vote. Senate Republicans on Sunday released revised text of the CLARITY Act aimed at swaying Democrats ahead of a procedural vote on Tuesday, featuring major changes to rules relating to government officials’ involvement with digital assets. The 635-page proposal, released by US Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis alongside Chairmen John Boozman and Tim Scott, also includes changes to the Blockchain Regulatory Certainty Act (BRCA) and provisions governing stablecoin yield. Lummis said the new ethics provisions had been agreed to by US President Donald Trump. “After a year of intense daily bipartisan negotiations, this bill is ready,” she said. “…
