US Senator Cynthia Lummis said Democrats had sought a dedicated CFTC body to represent retail crypto investors, and that the CLARITY Act already provides for an Office of the Retail Commodity Investor Advocate. She criticised Democrats for still voting against the bill, saying this blocks that protection.
Lummis says Democrats opposed CLARITY Act despite retail investor protections
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The story so far: Clarity Act passage prospects
The Senate stalled the Digital Asset Market Clarity Act after a 49-50 procedural vote fell short of the 60-vote threshold. JPMorgan says US regulators are partly offsetting the fallout from the bill's defeat, but only legislation can give a lasting foundation. Panigirtzoglou now says the bill may pass in 2027…
Lummis blames partisan politics for Senate defeat of CLARITY Act
Sen. Cynthia Lummis said the CLARITY Act failed in the Senate because Democrats opposed President Trump more than they supported the policy, attributing the defeat to partisan politics.
No Senate Democrats voted to advance CLARITY Act last week
Last week no Democratic senators voted to advance the CLARITY Act, so the bill did not move to the next procedural step. The bill would set regulatory rules for digital assets and aims to lower everyday US transaction costs.
Senate Banking chair says Democrats blocked CLARITY Act for political reasons
Senate Banking Committee Chairman Tim Scott said the CLARITY Act failed because Democrats put political interests ahead of public policy and chose to antagonise President Donald Trump, according to CoinDesk.
Senator Scott says Democrats blocked CLARITY Act, delaying US crypto rules
US Senator Tim Scott said Democratic lawmakers rejected the CLARITY Act, putting political considerations above public policy. He said the bill's blockage further delays clarity in US crypto and digital asset regulation.
SEC chair says agency will clarify onchain fundraising rules within legal authority
SEC Chair Paul Atkins said the agency will clarify onchain fundraising rules within its legal authority after the Senate failed to advance the CLARITY Act on 15 Sept by a 49-50 vote. He did not say whether the guidance would take the form of exemptions, a registration path…
Stand With Crypto names first Senate endorsements after CLARITY Act setback
Stand With Crypto, a crypto advocacy group backed by Coinbase, announced its first Senate endorsements: Ohio Republican Senator Jon Husted, Iowa candidate Ashley Hinson and New Hampshire candidate Chris Pappas. The Senate failed to advance the CLARITY Act in a procedural vote…
Bitwise CIO says CLARITY Act failure may speed up crypto regulation
Bitwise CIO Matt Hougan said the crypto market rose after the CLARITY Act failed, as the industry may get a more favourable regulatory environment sooner rather than long-term legislative certainty. He said the bill's failure could benefit platforms such as Coinbase that use…
Stand With Crypto backs bipartisan candidates in US midterm elections
Stand With Crypto said it is backing bipartisan midterm candidates, including Ohio Republican Senator Jon Husted, Iowa Republican Ashley Hinson and New Hampshire Democrat Chris Pappas, plus over 30 House members and candidates who voted for a digital asset framework bill. It…
Former House Financial Services chair says CLARITY Act may pass in lame-duck period
Former House Financial Services Committee Chairman Patrick McHenry said the CLARITY Act could pass in the lame-duck period after the midterm elections, adding lawmakers could deliver a final product then.
French Hill says SEC and CFTC crypto rules fall short, urges CLARITY Act
French Hill, chair of the US House Financial Services Committee, says regulators' digital-asset actions lack the long-term stability of legislation and wants Congress to pass the CLARITY Act in the lame-duck session before the new Congress in 2027. SEC chair Paul Atkins and CFTC chair Michael Selig have said they will press ahead with crypto regulation on President Donald Trump's direction.
Andrew Cuomo says crypto industry has alienated Democrats needed for CLARITY Act
Speaking at TOKEN2049 with OKX CEO Star Xu, former New York governor Andrew Cuomo said the crypto industry's heavy backing of Republicans has cost it the Democratic support needed to pass the CLARITY Act. Crypto-focused political action committees have spent $54.3m for Republicans, $26.2m for Democrats and $23.2m against Democrats in the 2026 election cycle, he said.
French Hill says he wants CLARITY Act passed in lame-duck session
House Financial Services Committee chairman French Hill said he hopes the CLARITY Act passes in the lame-duck session after next month's midterms, arguing permanent legislation is needed. The bill failed a Senate cloture vote 49-50 last month.
Lummis says Democrats reject CLARITY Act compliance officer clause
US Senator Cynthia Lummis said on X that Democrats had sought a ban on chief compliance officers holding conflicting roles at affiliated crypto entities, a provision written into the CLARITY Act, but now call it unnecessary.
Lummis says Democrats opposed CLARITY Act despite retail investor protections
US Senator Cynthia Lummis said Democrats had sought a dedicated CFTC body to represent retail crypto investors, and that the CLARITY Act already provides for an Office of the Retail Commodity Investor Advocate. She criticised Democrats for still voting against the bill, saying this blocks that protection.
JPMorgan says regulators are easing the CLARITY Act setback but uncertainty persists
JPMorgan says US regulators are partly offsetting the fallout from the CLARITY Act's defeat, which could draw institutions in over the short term. A team led by Nikolaos Panigirtzoglou says only legislation can give a lasting foundation, as regulatory measures could be reversed within two years.
JPMorgan's Panigirtzoglou says regulatory steps offset CLARITY Act delay
JPMorgan analyst Nikolaos Panigirtzoglou says recent US regulatory measures partly offset the Senate's failure to advance the CLARITY Act, but political and legal risks remain. He sees the bill passing in 2027 at the earliest.
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