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The US digital assets industry should treat the Senate’s failure to advance the CLARITY Act as a signal to strengthen governance and compliance frameworks now, rather than wait for Congress to settle the regulatory landscape co-founder and CEO of financial platform WeFi.co

The U.S. crypto industry faces prolonged regulatory uncertainty after the Senate failed to advance the Clarity Act, leaving digital asset companies without a comprehensive federal market structure framework and keeping the division of authority between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) unclear.

The U.S. Senate’s failure to advance the Clarity Act on Tuesday leaves the crypto industry in the world’s largest economy without an overarching federal framework and with the roles of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) shrouded in ambiguity.

Bitwise Chief Investment Officer Matt Hougan said that the CLARITY Act’s collapse in the U.S. Senate will likely have a smaller impact on the crypto market than investors’ initial reaction suggests. He called it a “speed bump, not a road closure.”

SEC Chairman Paul Atkins thanked everyone involved in pushing the CLARITY Act forward, across the administration, Congress, investors and innovators, while confirming the SEC will move ahead regardless of the bill’s outcome. “I have been unequivocal: with or without legislation, we will act decisively within the SEC’s statutory authority to deliver certainty for American investors…

Bitcoin returned to the $75,000 support zone after the U.S. Senate failed to advance the CLARITY Act, while risk-off pressure hit crypto markets. The Senate rejected cloture on H.R. 3633 by 49-50, falling short of the three-fifths threshold required to advance the bill.

Cryptocurrency prices tumbled on Tuesday when the Clarity Act failed to advance out of the Senate. Crypto-related equities weren’t spared in the carnage. As one example, cryptocurrency brokerage giant Coinbase Global (COIN) slumped 10.1% after the Clarity Act procedural vote stalled.

Currencies39213 Market Cap$ 2.66T-1.49% 24h Spot Volume$ 42.81B-1.59% DominanceBTC57.02%+0.41%ETH10.97%-0.85% ETH Gas0.16 Gwei Sep 16, 2026 2min read byMarcus Hale forCoinpaper