Former House Financial Services Committee chair Patrick McHenry said the crypto industry missed its chance for regulatory clarity by not accepting a workable compromise, and said he shares responsibility. The CLARITY Act passed the House 294-134 in 2025 but failed a Senate procedural vote 49-50 in September 2026, stalling it.
Patrick McHenry says crypto industry missed chance for regulatory clarity
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The story so far: Clarity Act passage prospects
The CLARITY Act passed the House in 2025 but failed a Senate procedural vote in September 2026 and would lapse on 3 January 2027 without 60 Senate votes. The Senate has now voted 49-50 against advancing the bill, and Representative Tom Emmer expects another attempt after the midterms.
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Patrick McHenry says crypto industry missed chance for regulatory clarity
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