
The Crypto Industry Wasn’t Able to Buy Congress After All
The Senate voted 49-50 on Tuesday against cloture on the motion to proceed to the Digital Asset Market Clarity Act, better known as the CLARITY Act. The bill needed 60 votes to reach the floor for debate and a later vote on passage, but it couldn’t even get that. That outcome is a setback for an industry that has become one of the largest lobbying forces in Washington.
- ▪The Senate voted 49-50 on Tuesday against cloture on the motion to proceed to the Digital Asset Market Clarity Act, better known as the CLARITY Act.
- ▪The bill needed 60 votes to reach the floor for debate and a later vote on passage, but it couldn’t even get that.
- ▪That outcome is a setback for an industry that has become one of the largest lobbying forces in Washington.
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| Original publisher | Gizmodo |
| Canonical URL | https://gizmodo.com/the-crypto-industry-wasnt-able-to-buy-congress-after-all-2000812603 |
| Publication time | Wed, 16 Sep 2026 16:30:27 +0000 |
| Retrieval time | 2026-09-16T16:33:41.511Z |
| Last seen | 2026-09-16T16:33:41.511Z |
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Opening excerpt (first ~120 words) tap to expand
The Senate voted 49-50 on Tuesday against cloture on the motion to proceed to the Digital Asset Market Clarity Act, better known as the CLARITY Act. The bill needed 60 votes to reach the floor for debate and a later vote on passage, but it couldn’t even get that. That outcome is a setback for an industry that has become one of the largest lobbying forces in Washington. Crypto groups spent the past two years pushing for a federal market-structure law, and the Trump administration made digital assets a policy priority from the very start of the president’s second term in office. However, the bill still stalled, and many closely tracking or involved with the legislation argued that ethics concerns around the president’s own crypto businesses were a major reason it failed.
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