
CLARITY Dies at 49-50
The CLARITY Act is moving through an increasingly narrow Senate window toward a floor vote as ethics disputes, opposition coalitions, and shifting passage odds keep the bill's fate uncertain.
The Senate failed to advance the CLARITY Act on a 49-50 cloture vote with no Democratic support, per Politico, the FT, the WSJ and multiple T1s, with coverage attributing the collapse to ethics concerns over the Trump family's crypto interests after Sen. Lummis rejected a late Democratic counteroffer. Coinbase fell ~10% and Circle ~11%, with Bitcoin posting its largest single-day drop since June per Bloomberg. Coverage put the bill's odds of passing this year in single digits; industry groups signalled a midterms campaign.
CLARITY Act: 126 changes, zero votes
Republicans made 126 changes Democrats asked for — their count, but nobody disputes the direction. A historic ethics package covering the president. Softer developer-liability language. A circuit breaker for the banks.
It died 49-50. Not one Democrat crossed.
When you give someone almost everything they asked for and they still walk, the missing thing was never in the text.
It was Trump's crypto fortune, which no clause about oversight or dependent children makes go away.
To be fair to the record: the final act was mutual. Democrats tabled a counteroffer in the last hours. Lummis rejected it. Each side turned down the other's closing terms.
Elizabeth Warren said the quiet part: the ethics language still lets the president keep profiting. That's not a drafting gap. That's the whole fight.
Five years of trying, undone by who happens to be in the White House.
And note who won by nobody winning.
The banks spent the eve demanding the bill ban Coinbase-style rewards. The bill is dead, so nothing bans them.
Coinbase lost the votes — and kept the loophole. The status quo survived its own funeral.
Multi-media snippets
Clarity Act fails to pass Congress
Crypto Clarity Act fails Senate closure vote 49-50
Randy Hipper claims Clarity Act was theater to delay crypto until banks were ready
CME sues CFTC over perpetual futures classification
75 sources
- THE INFORMATION: Crypto Stocks Fall After Clarity Bill Fails to Advance · theinformation.com · T2
- Crypto's Long-Sought 'De Minimis' Tax Break Gets a House Markup This Week · decrypt.co · T2
- SEMAFOR: Crypto industry's top legislative priority implodes · semafor.com · T2
- Three Major U.S. Stock Indices Close Lower: Circle (CRCL) Down 11.37%, Coinbase (COIN) Down 10.11% · panewslab.com · T2
- HUFFPOST: Elizabeth Warren Rallies Democrats Against Crypto In Senate Showdown · huffpost.com · T2
- DECRYPT: 'It's Now or Never' for Clarity Act, Says 'Bitcoin Senator' Lummis · decrypt.co · T2
- Crypto Reacts: Bitcoin Slides as Clarity Act Fails to Clear Senate Vote · decrypt.co · T1
- The Big Day Is Here: The Vote on the Clarity Act Is Just Minutes Away—Here Are the Latest Developments in This Event That Could Impact Bitcoin and Altcoins · en.bitcoinsistemi.com · T2
- BARRONS: The Clarity Act Is Set for a Vote on Tuesday. It's a Toss-Up for Crypto · barrons.com · T2
- Democrats 'Move the Goalposts' on Clarity Act Hours Before Key Senate Vote · decrypt.co · T1
- Clarity Act fails to pass Congress · youtube.com · T3
- THE BLOCK: Lead Senate Republican Lummis rejects Democratic counteroffer as Clarity Act vote nears · theblock.co · T2
- Crypto Clarity Act barrels toward disappointment barring last-minute Senate turnaround · coindesk.com · T1
- U.S. Senate Bipartisan Negotiations Stalemate Again on Eve of First Vote on Clarity Act · panewslab.com · T2
- CNN: The crypto industry saw Trump as its savior. His crypto business just snagged a key bill · cnn.com · T2
- POLITICO: Trump crypto empire looms over Senate showdown · politico.com · T2
- CLARITY Act News: Bill in Peril Amid Senate Standoff – What Happens Next? · 99bitcoins.com · T2
- CLARITY Vote and Fed Decision: Crypto Scenarios to Watch · coindoo.com · T2
- THE STREET: CLARITY Act setback sends Coinbase, Circle stocks lower · thestreet.com · T2
- To ensure permanent economic innovation, we must pass the Clarity Act now · coindesk.com · T1
- THE BLOCK: 'This one stings': Clarity Act fails procedural Senate vote — is crypto's biggest regulatory push dead? · theblock.co · T2
- Clarity's Vote Failed. Now What? · bankless.com · T2
- Why banks should stop worrying and learn to love the Clarity Act · coindesk.com · T2
- Andreessen Horowitz Analyst: “If the Clarity Act for Cryptocurrencies Doesn’t Pass, the Consequences Will Be Worse Than the FTX Crisis” · en.bitcoinsistemi.com · T2
- BTC, XRP, SHIB Plunge After Clarity Failure: These Senators Voted Against It · u.today · T2
- Coinbase-Backed Crypto Group Warns of Midterms Payback After Clarity Act Fails · decrypt.co · T2
- POLITICO: 'The bill is dead': Crypto legislation collapses on Senate floor · politico.com · T2
- Clarity Act preliminary vote falls short in Senate amid ethics fight over Trump’s crypto wealth · theblock.co · T1
- $370M Liquidated From Crypto Markets as CLARITY Hangs in the Balance · solanafloor.com · T2
- Crypto stocks sink after Senate rejects Clarity Act · coindesk.com · T1
- CLARITY Act chances sink below 20% as Senate’s path to 60 votes narrows · cryptoslate.com · T2
- Crypto industry reacts after Clarity Act fails Senate vote · coindesk.com · T1
- Clarity dead. 50 no votes. Immediately thought og this Bloomberg piece about how crypto… · x.com · T2
- CLARITY Act Fails With 41 Nays: 'Congrats to the Big Banks,' Scott Melker Says · benzinga.com · T2
- LUMMIS: Lummis Statement on Democrats Killing Clarity Act · lummis.senate.gov · T2
- Clarity法案未通过美国参议院投票,年内通过率跌至个位数,市场短线下跌 · panewslab.com · T2
- THE STREET: Bitcoin, crypto stocks slip ahead of CLARITY Act, Fed decision · thestreet.com · T2
- Coinbase criticizes senators for opposing Clarity Act, warns US risks losing digital finance race · cryptobriefing.com · T2
- Senate Blocks CLARITY Act 49-50 With No Democratic Votes to Proceed · thedefiant.io · T2
- AP: Senate to decide on cryptocurrency regulation as Democrats push back on Trump investments · apnews.com · T2
- Why the Clarity Act Could Decide America’s Financial Future w/ John Deaton · bitcoinmagazine.com · T2
- Clarity Act odds slump to 18% as Democrats push back on ethics provisions · cryptobriefing.com · T2
- FT: Landmark US crypto bill fails as Senate splits over Trump ethics concerns · ft.com · T2
- PBS: News Wrap: Democrats block crypto bill, demand limits on Trump's investments · pbs.org · T2
- BLOOMBERG LAW: Crypto Lobbies Take Clarity Act Fight, War Chest Into Midterms · news.bgov.com · T2
- US Senate to vote on pivotal crypto bill impacting Bitcoin’s future · cryptobriefing.com · T2
- CNA: Bitcoin and crypto stocks remain down after US senate fails to advance regulatory bill · channelnewsasia.com · T2
- THE INTERCEPT: Crypto Darling Gillibrand's 11th-Hour Flip-Flop Helps Block Trump Crypto Bill · theintercept.com · T2
- CROWDFUNDINSIDER: Coinbase Shares Crater Over 10% Following Vote on the CLARITY Act · crowdfundinsider.com · T2
- COINDESK: Clarity Act's odds of passing plunge as Republicans reject Democrats' counter-proposal · coindesk.com · T2
- CLARITY Act Vote Today [LIVE] Updates: Can Democrats Deliver 60 Votes? · coinpedia.org · T2
- White House: Stablecoin yield ban would boost bank lending by just 0.02% · cryptobriefing.com · T2
- Crypto industry’s effort to reshape US financial system stalls after bipartisan Senate opposition · cryptobriefing.com · T2
- AL JAZEERA: US Senate crypto bill collapses in blow to industry · aljazeera.com · T2
- Crypto Clarity Act fails Senate closure vote 49-50 · youtube.com · T3
- Ripple CEO Blames Democratic Politics for CLARITY Act Failure, Promises Post-Mortem · coingape.com · T2
- White House Challenges Stablecoin Fears Before CLARITY Vote · crypto-news-flash.com · T2
- White House Council of Economic Advisers to Launch Tool to Counter Banking Industry Concerns Over Stablecoins · panewslab.com · T2
- US House to consider crypto tax exemption bill, stablecoin regulations · cryptobriefing.com · T2
- Will the Clarity Act Pass the Senate? | Connor Brown, Bitcoin Policy Institute · bitcoinmagazine.com · T1
- Randy Hipper claims Clarity Act was theater to delay crypto until banks were ready · youtube.com · T3
- BLOOMBERG: Crypto's Push Into Wall Street Suffers Setback After Bill Fails · bloomberg.com · T2
- POLITICO: Republicans pour cold water on Democratic crypto bill counteroffer · politico.com · T2
- WSJ: In a setback for the crypto industry, a bill that would have helped usher digital assets into the mainstream financial system failed to advance in Congress · wsj.com · T2
- THE BLOCK: Sen. Elizabeth Warren says she wants a crypto bill, but the Clarity Act just isn't it · theblock.co · T2
- NEWSWEEK: Crypto Clarity Act Fails: List of Senate Republicans Voting With Democrats · newsweek.com · T2
- COINDESK: There were many conductors in the derailment of the crypto industry's Clarity Act · coindesk.com · T2
- CME sues CFTC over perpetual futures classification · youtube.com · T3
- XRP’s path back to $2 now hinges on whether the Senate passes the CLARITY Act · cryptoslate.com · T2
- US Senate fails to advance CLARITY Act · cointelegraph.com · T1
- The Clarity Act is dead. · x.com · T2
- NYPOST: US Senate set to decide whether or not to advance landmark crypto bill · nypost.com · T2
- WHITEHOUSE: Effects of Stablecoin Yield Prohibition on Bank Lending 26b6 · whitehouse.gov · T2
- Market Movers: Nvidia (NVDA) Bounces Back, Crypto Bill Advances, and Yields Surge Past 5% · blockonomi.com · T2
- COINDESK: Ether, solana, XRP likely to gain if Clarity Act progresses · coindesk.com · T2
