Senate Blocks CLARITY Act in Crypto Regulation Vote
The US Senate rejected the Digital Asset Market Clarity Act on September 15, 2026. The vote halted a bill supported by major industry figures.
The United States Senate voted down the Digital Asset Market Clarity Act on September 15, 2026. The bill failed to advance in the upper chamber. This outcome stops the legislation from moving to a final floor vote.
Americans for Financial Reform (AFR) issued a statement praising the senators for their decision. The group characterized the bill as a giveaway to the crypto industry. They argued the legislation would have exposed the financial system to fraud and scams.
All Democrats and Some Republicans Opposed
All voting Democrats joined the opposition to the measure. Several Republican senators also voted against the bill. Mark Hays, Associate Director of Cryptocurrency and Financial Technology at Demand Progress Action, highlighted this bipartisan resistance. The coalition described the bill as deeply flawed.
Critics Cite Risks of Industry Fraud
Opponents argued the CLARITY Act would supercharge financial risks. They cited endemic fraud, scams, and volatility within the sector. The statement linked the bill to President Trump’s crypto interests. Critics labeled the legislation a pay-to-play scheme for billionaires.
Senate Filibuster Ends Bill Progress
The filibuster mechanism prevented the bill from moving forward. This procedural block marks a defeat for crypto oligarchs, according to AFR. The group stated the vote protected communities from Wall Street influence. The source of this report is GN markets/crypto (en-US).
