Clarity Act faces make-or-break Senate vote on Tuesday as crypto industry pushes for bill

Live updates

1. 6h ago

   Clarity Act Fails Senate Vote, Triggering Crypto Crash

   The United States Senate blocked the crypto-focused Clarity Act on Tuesday afternoon, failing to reach the 60 votes required to open formal debate. The market structure bill was defeated 49-50 with zero Democratic support. Hours before the test, Democrats demanded additional concessions while Republicans labeled their latest text a final offer. The legislative failure immediately triggered a wider cryptocurrency selloff, resulting in 300 million dollars in long liquidations as the market lost permanent legal clarity for major digital assets like Bitcoin, Ethereum, XRP, and Solana.

   Why it matters

   Securing passage for the Clarity Act would have established permanent statutory ground for leading digital assets instead of relying on administrative policies that a future administration could alter. The high-stakes legislative battle pitted the cryptocurrency industry against traditional banks over issues such as stablecoin regulations and ethics rules. President Trump had previously agreed to new ethics provisions to shepherd the bill through Congress.

   What is confirmed

   • The Senate voted 49-50 against advancing the CLARITY Act, falling short of the 60 votes required to open formal debate.
   • The defeat of the crypto market structure bill occurred with zero Democratic support.
   • The failed Senate vote sparked a crypto selloff and 300 million dollars in long liquidations.
   • Democrats pushed for further concessions hours before the vote while Republicans insisted their latest text was their final offer.

   What to watch next

   • Whether Senate Republicans and Democrats will resume negotiations or alter the legislation following the 49-50 defeat.
   • Further market reactions and liquidation totals across the broader cryptocurrency sector.
   Sources used for this update (6)

   1. decrypt.co — Democrats 'Move the Goalposts' on Clarity Act Hours Before Key Senate Vote
   2. www.yahoo.com — Clarity Act Stalls in Senate as Crypto Bill Fails to Clear Key Vote
   3. seekingalpha.com — "CLARITY Act loses its clarity": liquidations, crypto crash, Senate vote
   4. finance.yahoo.com — CLARITY Act Senate Vote Live: Crypto Bill Fails 49-50 With Zero Democratic Support
   5. finance.yahoo.com — What Is the Crypto Clarity Act? What Tuesday’s Senate Vote Decides for XRP, Bitcoin, Ethereum, and Solana
   6. en.cryptonomist.ch — CLARITY Act crypto vote needs 60 Senate votes to advance Tuesday
   confidence 100%
2. 1d ago

   Clarity Act Faces Decisive Senate Vote

   The United States Senate scheduled a make-or-break cloture vote for Tuesday at 2:15 PM ET regarding the crypto-focused Clarity Act. Clearing this legislative hurdle requires 60 votes to open formal debate. The cryptocurrency industry is aggressively pushing for the bill, while Senate Democrats have submitted a counteroffer. Outstanding disputes include stablecoin regulations and ethics rules. President Trump agreed to new ethics provisions in an effort to get the legislation across the line, escalating an ongoing fight between the crypto industry and traditional banks.

   Why it matters

   The vote represents a critical juncture for digital asset regulation in the United States. Senate Republicans released a new draft of the legislation incorporating ethics language to secure necessary support. Unresolved policy differences between parties continue to threaten the bill's passage as the crypto lobby presses lawmakers for a definitive outcome.

   What is confirmed

   • The US Senate officially set Tuesday at 2:15 PM ET for the CLARITY Act's cloture vote.
   • Clearing the cloture vote requires 60 votes to open formal debate.
   • Senate Democrats sent a counteroffer before the cloture vote.
   • Senate Republicans' new crypto bill text adds new ethics language.

   Still unconfirmed

   • Trump agreed to new ethics rules to get a crypto bill across the line, but that might not be enough to secure passage.

   What to watch next

   • The outcome of Tuesday's 2:15 PM ET cloture vote in the Senate
   • Whether the 60-vote threshold to open formal debate is reached
   • Potential compromises between the Senate Republican bill and Democratic counteroffer regarding ethics and stablecoin rules
   Sources used for this update (8)

   1. CNBC — Clarity Act faces make-or-break Senate vote on Tuesday as crypto industry pushes for bill
   2. The Hill — It is now or never for the Clarity Act
   3. Pioneer Press — Trump agreed to new ethics rules to get a crypto bill across the line. But that might not be enough
   4. Reuters — Senate Republicans' new crypto bill text adds new ethics language
   5. Bloomberg.com — Trump Pushes Crypto Bill, Escalating Industry’s Fight With Banks
   6. blockonomi.com — CLARITY Act Vote Set For Tuesday As Senate Democrats Push Counteroffer
   7. coinpedia.org — Senate Officially Schedules CLARITY Act Cloture Vote For Tuesday
   8. finance.yahoo.com — The Clarity Act faces key Senate vote on Tuesday: What to know
   confidence 100%