Clarity Act

Clarity Act

Policy

Clarity's failure could speed crypto innovation while shielding incumbents

Executives see openings for tokenization, DeFi and dealmaking, while lawyers warn agency action leaves spot-market oversight and lasting certainty unresolved.

Congress

News Analysis

Crypto industry gave $8 million to Clarity Act lobbyists who didn't close the deal

In the first half of this year, the sector poured millions into lobbying, with most of it tied to pushing the U.S. market structure bill to a goal it never reached.

Coinbase CEO Brian Armstrong speaking to House Speaker Mike Johnson on July 18, 2025. (Jesse Hamilton, modified by CoinDesk)

News Analysis

How months of work on the Clarity Act all fell apart

Interviews with industry participants and legislative aides paint a picture of a blown bill-writing process, with sources pointing to nearly every facet of the bill's development and the debate around it as contributing factors to this month's failed vote.

Sen. Cynthia Lummis, one of the lawmakers who spearheaded the Digital Asset Market Clarity Act, speaking at CoinDesk's Policy & Regulation event on Sept. 22, 2026. (Merz Photography/CoinDesk)

Policy

Blockchain Association sees leadership shift shortly after crypto Clarity Act fizzles

The trade group will be run again by its original CEO, Kristin Smith, when Summer Mersinger leaves at the end of a long congressional tussle.

Kristin Smith (left), Rebecca Rettig and Summer Mersinger (CoinDesk)

Policy

White House adviser defends President Trump's crypto ties in wake of Clarity Act defeat

President Donald Trump's crypto adviser, Patrick Witt, accused Democrats of unfairly amplifying Trump's crypto ties as a political weapon.

Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets(Jesse Hamilton/CoinDesk)

Policy

Why banks and offshore hubs like Dubai are winners of the Senate killing the Clarity Act

One expert believes that the failure to pass the bill is a win for the banks that staunchly oppose stablecoin yields, while a global crypto lawyer believes overseas jurisdictions benefit.

U.S. Senate (Senate/Press)

Markets

Crypto traders braced for a total wipeout this week but Bitcoin had other plans

Market experts view bitcoin’s price stability as evidence of its fundamental independence from Washington, maintaining that global liquidity and adoption cycles remain the primary growth drivers.

U.S. Senate (Senate/Press)

News Analysis

Clarity Act, we hardly knew ye: We look at what was in the bill and what's replacing it

U.S. agencies are racing to substitute their regulations for the law that was meant to set crypto markets in governmental bedrock, but will the stand-ins last?

U.S. Securities and Exchange Commission Chairman Paul Atkins (Jesse Hamilton/CoinDesk)

Policy

CFTC sends crypto rules to White House to review as Congress stalls on Clarity Act

The regulator is moving ahead with crypto market rules as the SEC also opens a new path for tokenized stock trading.

CFTC's Mike Selig participates in a panel discussion during Consensus Miami 2026

Policy

Kevin O’Leary says Congress will revisit Clarity early next year as crypto tax bill advances

The Shark Tank investor says Congress will face pressure to revive crypto market structure legislation as it moves to establish tax rules for digital assets.

Kevin O'Leary (Photo by Andrew Harnik/Getty Images)