[REVISION HISTORY]

US CLARITY Act faces security warnings and declining passage

Updated 26 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-07 10:52 UTC → 2026-09-10 06:55 UTC · added ~~removed~~

The Digital Asset Market CLARITY Act is approaching a critical procedural juncture, with a Senate cloture vote scheduled for September 15, 2026. The bill seeks to establish a market structure by dividing oversight between the SEC and the CFTC, with most digital assets classified as commodities. While the bill passed the House in July 2025, it has stalled in the Senate due to disagreements over ethics provisions and stablecoin regulations. Legislative ~~uncertainty has~~ hurdles have intensified as lawmakers remain divided over ethics provisions, specifically whether the President and their immediate family could profit from crypto businesses during policy drafting. Additionally, the House of Representatives’ decision to cancel its final two weeks of the September legislative schedule has been described by industry leaders as ‘devastating’ for the bill’s momentum. Republicans require at least seven Democratic or independent votes to reach the 60-vote threshold for passage. Senator Cynthia Lummis has warned that failure to pass the Act during the current Congress could delay comprehensive market-structure legislation until 2030. Lummis emphasized the need to move away from agency enforcement actions toward a clear framework, noting a key component of the bill is the legal classification of certain digital commodities as customer property to protect assets during exchange bankruptcies. 2030, potentially resulting in lost jobs and tax revenue. Market ~~sentiment remains skeptical. On the~~ skepticism is rising, with prediction ~~platform Polymarket, traders have placed over $3.6 million in bets against the bill becoming law by the end~~ markets showing odds of ~~2026. This caution follows previous downgrades by Galaxy Research regarding the bill’s~~ passage ~~probability. Simultaneously, regulatory agencies are proceeding with independent rulemaking, amid warnings from former officials that rigid domestic~~ before year-end dropping below 20%. Despite this uncertainty, Coinbase CEO Brian Armstrong anticipates the industry will receive federal regulations ~~on crypto derivatives could drive liquidity to offshore markets. Advocates continue to push for passage. Former Secretary~~ regardless of ~~Defense Mark Esper has called~~ the ~~legislation a ‘national security imperative,’ while Ripple Chief Legal Officer Stuart Alderoty maintains that ‘a~~ vote ~~for Clarity is a vote for jobs and economic growth.’ Research from the National Cryptocurrency Association~~ outcome. Armstrong suggests that if the ~~industry supports approximately 232,000 U.S. jobs.~~ Act fails, federal agencies like the SEC and CFTC are prepared to issue their own rulemaking to provide a necessary framework.

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