Current outcome
The revised CLARITY Act's provision requiring regulators to determine whether 'non-decentralized finance trading protocol' operators must register has not advanced because the bill has stalled in Congress; U.S. agencies like the SEC and CFTC are attempting to substitute their own regulations.
Progress timeline
8 material updates- #01
Coinbase CLARITY Act: Senate Cloture Vote Explained - Cryptonews
Cryptonews explains the Senate cloture vote on the Coinbase-backed CLARITY Act, a proposed US crypto regulation.
Source evidence: Cryptonews · Cointelegraph · CryptoSlate · The Defiant · Decrypt · CoinDesk · CoinDesk · The Defiant · CryptoSlate · Decrypt · Decrypt
- #02
Treasury Secretary Bessent urges CLARITY Act passage after Senate returns
US Treasury Secretary Bessent publicly urged the Senate to pass the CLARITY Act upon returning from August recess, warning that failure would send a signal of declining American leadership in digital assets.
State after update: CLARITY Act awaits Senate action after recess; Treasury Secretary Bessent publicly calls for passage, Galaxy odds of passage at 10%.
Source evidence: Cointelegraph
- #03
Revised CLARITY Act targets ‘non-decentralized’ DeFi operators
A revised CLARITY Act would require US regulators to determine whether operators of 'non-decentralized finance trading protocols' must register and comply with securities, commodities, and AML requirements.
Source evidence: Cointelegraph · CryptoSlate
- #04
Will crypto get clarity? Senate votes today
The Senate is set to vote today, September 15, on a procedural motion to advance the Digital Asset Market Clarity Act, requiring at least seven non-Republican votes to reach the 60-vote threshold.
State after update: Senate scheduled to vote today on a procedural motion to advance the Digital Asset Market Clarity Act, needing at least seven non-Republican votes to clear the 60-vote threshold.
Source evidence: The Defiant
- #05
Clarity Act Fails Senate Cloture Vote, Dealing Blow to US Crypto Framework
The Senate procedural motion failed to reach the 60-vote cloture threshold, stalling the CLARITY Act; crypto equities fell sharply, with Coinbase down nearly 9%.
State after update: The Senate cloture vote failed, the CLARITY Act was not advanced, and US digital-asset market-structure legislation is stalled, leaving oversight to SEC and CFTC rules.
Source evidence: The Block
- #06
There were many conductors in the derailment of the crypto industry's Clarity Act
The U.S. Senate's Digital Asset Market Clarity Act failed after last-minute partisan disputes, dealing a major blow to the crypto industry's long-sought market structure legislation.
Source evidence: CoinDesk · CoinDesk · CoinDesk · The Defiant · CoinDesk · TronWeekly · CryptoSlate · Decrypt · Decrypt · Decrypt · CryptoRank · Cointelegraph · CoinDesk · CoinDesk · CryptoSlate · CoinDesk · Decrypt
- #07
Bernstein expects ‘aggressive’ rulemaking from SEC, CFTC, following CLARITY Act failure
Bernstein analysts expect the SEC and CFTC to pursue aggressive and swift rulemaking to compensate for the failed CLARITY Act, covering token taxonomy, DeFi developer protections, equity tokenization exemptions, and faster RWA perpetual futures approvals.
Source evidence: Cointelegraph · The Defiant · Decrypt · The Block
- #08
Clarity Act, we hardly knew ye: We look at what was in the bill and what's replacing it
The Digital Asset Market Clarity Act has stalled in Congress, prompting U.S. agencies like the SEC and CFTC to attempt to substitute their own regulations for the legislation.
State after update: The revised CLARITY Act's provision requiring regulators to determine whether 'non-decentralized finance trading protocol' operators must register has not advanced because the bill has stalled in Congress; U.S. agencies like the SEC and CFTC are attempting to substitute their own regulations.
Source evidence: CoinDesk