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630 Page CLARITY Act Draft Drops Days Before Senate Vote With Major DeFi and Prediction Market Changes

The US Senate failed to secure the 60 votes required to advance the CLARITY Act on Tuesday. This rejection stalls the marquee crypto market structure bill despite previous efforts by Senator Lummis to incorporate 126 Democratic concessions. The failure triggered a market decline, sending Bitcoin to $76,000 and dragging broader crypto assets lower. The vote followed a period of tension where Republicans claimed their latest text was a final offer while Democrats continued to push for additional changes.

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What changed

The Senate officially failed to clear the 60-vote threshold to advance the bill.

Live updates

  1. Senate Rejects CLARITY Act After Failing to Reach 60-Vote Threshold

    The US Senate failed to secure the 60 votes required to advance the CLARITY Act on Tuesday. This rejection stalls the marquee crypto market structure bill despite previous efforts by Senator Lummis to incorporate 126 Democratic concessions. The failure triggered a market decline, sending Bitcoin to $76,000 and dragging broader crypto assets lower. The vote followed a period of tension where Republicans claimed their latest text was a final offer while Democrats continued to push for additional changes.

    Why it matters

    The bill aimed to establish a regulatory framework for the crypto industry, including DeFi and prediction markets. Its passage required a supermajority to overcome cloture hurdles. Opposition from banks, 18 attorneys general, and Senator Elizabeth Warren had previously complicated the legislative path.

    What is confirmed

    • The Senate failed to secure the 60 votes needed to advance the CLARITY Act.
    • Bitcoin prices dropped following the failed vote.

    Still unconfirmed

    • Bitcoin fell to $76,000 after the Senate rejected the legislation.
    • XRP and XLM prices rose more than 8% leading up to the vote.
    • Democrats sought further concessions hours before the vote while Republicans maintained their text was a final offer.

    What to watch next

    • Potential for a revised bill introduction
    • Future Senate votes on crypto market structure
    • Legislative responses from Senator Lummis or Senator Warren
    Sources used for this update (5)
    1. decrypt.co — Democrats 'Move the Goalposts' on Clarity Act Hours Before Key Senate Vote
    2. finance.yahoo.com — XRP and XLM Explode 8% as the CLARITY Act Nears Crucial Vote
    3. decrypt.co — Crypto Reacts: Bitcoin Slides as Clarity Act Fails to Clear Senate Vote
    4. www.yahoo.com — Clarity Act Stalls in Senate as Crypto Bill Fails to Clear Key Vote
    5. cryptobriefing.com — Senate rejects Clarity Act as crypto market slides after failed vote
    confidence 95%

  2. Senate Republicans Release Final CLARITY Act Draft Ahead of September 15 Vote

    Senate Republicans released a final draft of the CLARITY Act featuring 126 concessions requested by Democrats before a September 15 cloture vote. Senator Lummis introduced the revised text, which strengthens anti-money laundering safeguards, consumer protections, and ethics rules for public officials. Despite these changes, the bill faces opposition from banks, 18 attorneys general, and Senator Elizabeth Warren. This resistance complicates the path to the 60 votes required for cloture.

    Why it matters

    The legislation aims to regulate decentralized finance and prediction markets. Previous versions introduced a Treasury stablecoin circuit breaker and restricted developer protections. The current conflict pits crypto policy groups and banks against the proposed regulatory framework.

    What is confirmed

    • The Senate scheduled a cloture vote on the CLARITY Act for September 15.
    • Senate Republicans included 126 concessions to Democrats in the revised draft.
    • Senator Lummis released the final draft of the legislation.
    • The updated bill tightens ethics rules for public officials and increases consumer and AML safeguards.

    Still unconfirmed

    • The final deal is already breaking down due to opposition from banks, Democrats, and crypto policy groups.
    • The revised text is meeting a three-front pushback from banks, 18 attorneys general, and Elizabeth Warren.

    What to watch next

    • The results of the September 15 Senate cloture vote.
    • Whether the bill secures the 60 votes necessary to proceed.
    Sources used for this update (9)
    1. cryptobriefing.com — Senate Republicans release revised Clarity Act with 126 concessions to Democrats ahead of crucial vote
    2. coinpedia.org — Senator Lummis Releases CLARITY Act Final Draft Ahead of Key Vote
    3. blockonomi.com — Senate Sets September 15 Vote on Revised CLARITY Act
    4. thecurrencyanalytics.com — CLARITY Act Senate Vote Puts 630-Page Crypto Bill on the Line
    5. cryptoslate.com — Here’s what’s new in the final CLARITY Act before Tuesday’s Senate vote
    6. finance.yahoo.com — CLARITY Act Faces Tuesday Senate Vote: Senate Republicans Release ‘Final’ Draft With Trump-Backed Ethics Deal
    7. www.yahoo.com — Revised Clarity Act Text Meets Three-Front Pushback Before Senate Vote
    8. cryptoslate.com — CLARITY Act’s ‘final’ deal is already breaking down before tomorrow’s Senate vote
    9. news.bitcoin.com — What's New in the Final CLARITY Act Ahead of the Senate Vote
    confidence 95%

  3. Senate CLARITY Act Draft Drops Before Vote

    A 630-page draft of the CLARITY Act emerged days before a Senate cloture vote, introducing major changes to decentralized finance and prediction markets. The updated legislation includes a Treasury stablecoin circuit breaker, ethics restrictions, and narrower developer protections. Ahead of the vote, cryptocurrency and banking industries are intensifying their lobbying efforts in United States senators home states. Meanwhile, industry executives note that digital asset regulation will continue advancing regardless of whether this specific legislation passes Congress.

    Why it matters

    The legislation has drawn intense scrutiny due to debate over potential cryptocurrency conflicts involving Donald Trump. While industry leaders prepare backup strategies if the measure fails, supporters and opponents are battling across the country to influence undecided lawmakers. The new draft represents a critical juncture for digital asset oversight in the United States.

    What is confirmed

    • A 630-page draft of the CLARITY Act was released days before a Senate vote.
    • The updated bill includes changes affecting decentralized finance and prediction markets.
    • Crypto and banking industries are lobbying United States senators in their home states ahead of the vote.

    Still unconfirmed

    • Apparent crypto conflicts involving Donald Trump could sink the CLARITY Act.
    • Coinbase executives claim they have a backup plan if the legislation fails in Congress.

    What to watch next

    • The Senate cloture vote scheduled for Tuesday.
    • Further industry lobbying developments in senators home states.
    Sources used for this update (9)
    1. www.cbssports.com — NFL prediction markets 2026: Learn more about Kalshi, Polymarket, others ahead of 2026 NFL season
    2. Gizmodo — Trump’s Apparent Crypto Conflicts Could Sink the CLARITY Act
    3. Reuters — Crypto, banks take lobbying war to US senators' home states ahead of key vote
    4. CNBC — Coinbase CEO sees U.S. crypto regulation advancing regardless of Clarity Act vote
    5. finance.yahoo.com — Coinbase CFO: We have a backup plan if the Clarity Act fails in Congress
    6. POLITICO Pro — Article | Republicans unveil updated crypto bill text ahead of floor vote next week
    7. The Hill — Lummis ramps up pressure on Democrats over crypto bill
    8. CCN.com — 630 Page CLARITY Act Draft Drops Days Before Senate Vote With Major DeFi and Prediction Market Changes
    9. www.cryptotimes.io — Senate Unveils Final CLARITY Act Text With Trump-Backed Ethics Deal Ahead of Tuesday Cloture Vote
    confidence 90%