Clarity Act

Clarity Act

Policy

Clarity Act failure may hamper U.S. crypto as industry seeks legal clarity elsewhere

The U.S. is likely to lose out to foreign markets in the short term, but SEC and CFTC rules will help underpin the industry.

Capitol in Washington, D.C. (Harold Mendoza/Unsplash)

News Analysis

Inside the last-minute political breakdown that doomed the Clarity Act vote

Last minute, behind-the-scenes disputes locked in a dismal showing for the market structure legislation the industry pinned its greatest hopes on.

The Senate vote on the Clarity Act failed to win the 60 votes it needed. (U.S. Senate)

Markets

Crypto stocks sink after Senate rejects Clarity Act

Coinbase, Circle and Galaxy lead a broad crypto stock selloff after the U.S. Senate failed to advance a long-awaited market structure bill.

(Getty Images)

Policy

Crypto industry reacts after Clarity Act fails Senate vote

One of the most crucial U.S. regulations for crypto markets couldn't secure enough support to clear the Senate's final 60-vote hurdle.

Senator Cynthia Lummis (Senate webcast)

Policy

Crypto Clarity Act flames out in failed U.S. Senate vote

The years-long effort to set U.S. regulations for crypto markets couldn't muster enough support to make the leap over the Senate's final 60-vote hurdle.

U.S. Capitol Building (Jesse Hamilton/CoinDesk)

Policy

Crypto Clarity Act barrels toward disappointment barring last-minute Senate turnaround

As the parties dig in their heels, the market structure bill hasn't yet amassed the votes it would need to clear the first Senate hurdle scheduled for Tuesday.

Senator Cynthia Lummis of Wyoming (Jesse Hamilton/CoinDesk)

Policy

Clarity Act's odds of passing plunge as Republicans reject Democrats' counter-proposal

Prediction markets sharply marked down the crypto market structure bill’s near-term prospects as negotiations remained stuck hours before a key Senate vote.

Sen. Cynthia Lummis (Kayla Bartkowski/Getty Images)

Policy

Democrats send counteroffer to Republicans over Clarity Act provisions

Democratic Senators were said to be meeting late Monday to discuss the latest proposed draft text.

Ruben Gallego (Nikhilesh De/CoinDesk)

Policy

Even if Clarity fails, Wall Street’s crypto push is unlikely to stop

The Clarity Act could give banks, brokers and asset managers a clearer rulebook, but financial firms have already moved far enough into digital assets that failure may slow adoption rather than stop it.

Wall street signs (Lo Lo/Unsplash)

Policy

SEC's Atkins backs Clarity Act but says agency will keep pushing crypto rules without it

The SEC chair said crypto issuance, transfer agent modernization and custody will form the backbone of the agency’s regulatory push.

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