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CLARITY Act: The Decisive Vote on U.S. Crypto Regulation Lands Tuesday
11h05 ▪5min read ▪ byFenelon L.
Getting informed▪Crypto regulationSummarize this article with:
The US Senate is set to vote this Tuesday, September 15 at 2:15 PM Washington time, or 8:15 PM in Paris, on the progress of the CLARITY Act, presented as a major text aimed at establishing a comprehensive framework for crypto markets in the United States. This procedural vote requires 60 votes to allow the bill to continue its legislative journey. Republicans, who hold 53 seats in the Senate, will therefore need to gain support from several Democrats or independents. A failure would strongly compromise the adoption of the bill before the end of 2026.
In brief
- Closing vote Tuesday at 2:15 PM Washington time; 60 votes required to open debate.
- Final 635-page text integrating 126 amendments requested by Democrats, strengthened ethics section.
- If rejected, the midterms schedule buries any new attempt before 2027.
At least seven Democratic votes are missing for John Thune
The Senate has never voted in a full session on an overall text regarding crypto markets, fourteen months after the green light from the House (294-134) and four months after that of the banking committee (15-9). While the Republicans play their last card, the vote is not on the substance but on the cloture, the procedure that ends obstruction and authorizes debate.
With 53 seats out of 100, Majority Leader John Thune must secure at least seven Democratic votes, more if some of his own defect. Ruben Gallego and Angela Alsobrooks, the only Democrats to have supported him in committee, are not enough.
Without 60 votes, the text has virtually no chance of returning before the November 2026 midterms, and the next legislature would start from scratch.
Ethics, developers, stablecoins: The price of compromise
Published Sunday night, the final text includes 126 amendments demanded by Democrats, presented as their “last and best offer”. The ethics section incorporates about 80% of the counter-proposal from Senators Thom Tillis and Ruben Gallego.
Donald Trump would have agreed to relinquish his crypto interests or place them in a blind trust, a vehicle managed by an independent trustee without the elected official retaining control Chuck Schumer convened his caucus immediately after
The compromise has a downside. The Blockchain Regulatory Certainty Act, which prevented equating an open-nly covers civil lawsuits. Republicans removed the criminal shield from section 1960, the one that struck Tornado Cash and Samourai Wallet
A circuit breaker would allow Treasury Secretary Scott Bessent to restrict certain rewards on stablecoins if community bank deposits migrated massively to them, for a maximum of eighteen months. The mechanism extends the GENIUS Act, the 2025 law governing the issuance of these dollar-backed assets.
The crypto market does not yet believe in the outcome
Coinbase and Circle, issuer of USDC, would emerge strengthened by a clear federal framework after years of regulation by enforcement. Retail sentiment remained “extremely bearish” on CRCL and “bearish” on COIN on Stocktwits on the eve of the vote, while bettors on Kalshi and Polymarket raised the probability of the bill’s progress.
A “yes” would only be a beginning: the text should be debated, amended, then reconciled with the House. A “no” would maintain the jurisdictional status quo between the SEC and the CFTC, while the European Union applies MiCA since 2024.
The verdict will fall during an already busy week: Bitcoin approaches Fed week with a much less exposed market, enough to cushion a rejection as well as temper a green light. The stake goes beyond the current price: without the CLARITY Act, the fate of the US sector will remain suspended to regulators and judges until after the midterms.
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Fenelon L.
Passionné par le Bitcoin, j’aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l’outil qui peut rendre cela possible.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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