CLARITY Act 2.0: What Happens to US Crypto Regulation After the Senate Defeat?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The CLARITY Act failed 49-50 in the Senate. A rewrite is taking shape while the SEC and CFTC move on their own. Where US crypto regulation stands now.Two weeks after the US Senate voted down the crypto industry's most important bill, the conversation in Washington has quietly shifted from "will it pass" to "what does version two look like". Here is what actually happened, and what comes next.Why Did the CLARITY Act Fail in the Senate?On September 15, the Senate rejected the cloture motion to proceed to H.R. 3633, the Digital Asset Market Clarity Act, by 49 votes to 50. The bill needed 60. It did not even win a simple majority.The core of the bill was never the problem. Both parties broadly agreed on splitting oversight of digital assets between the SEC and the CFTC, with the CFTC taking the lead on spot markets for digital commodities. What sank the vote was the ethics language governing crypto holdings of public officials, a fight that became impossible to separate from Preside...