The CLARITY Act, which would set federal rules for U.S. crypto markets, failed to clear the Senate after a cloture vote came up short of the 60 votes needed. Prediction markets now price just a 5.1% chance the bill becomes law by January 1, 2027, down from 6% a week earlier.
Senate vote falls short
The CLARITY Act stalled after the Senate's cloture vote on September 15, 2026, fell short of the 60 votes required to advance. The House had already passed its own version of the bill in 2025, but the Senate's failure to act leaves the legislation's path forward unclear. Former Chairman Patrick McHenry, appearing on CoinDesk's Policy Protocol, pointed to political cycles as a factor overshadowing efforts to pass the bill.
With the Senate stalled, U.S. regulators continue to fill the crypto rulebook under existing authority as the debate over crypto regulation continues.
Prediction markets price a lower chance of passage
Markets appear to read the stalled vote as a setback for the bill's chances this year. The odds of the CLARITY Act being signed into law by January 1, 2027, now sit at 5.1% YES, down from 6% a week ago.
Key figures to watch
Senate Banking Committee Chairman Tim Scott and Subcommittee on Digital Assets Chair Cynthia Lummis could significantly influence the Act's trajectory, according to the report. Treasury Secretary Scott Bessent and White House Crypto and AI Adviser David Sacks round out the list of officials whose statements the report names as pivotal to the bill's next move.
Source: Crypto Briefing
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