Crypto Industry Skeptical of Senate Democrats' Commitment to Clarity Act

Seven Senate Democrats who blocked the Clarity Act (US digital-asset market-structure bill) on Tuesday issued a statement Wednesday reaffirming their intent to pass crypto legislation. The industry largely dismissed the pledge as midterm election posturing rather than a genuine effort to negotiate. Critics, including analysts and legal experts, noted that the senators' previous actions contradict their stated commitment to a bipartisan path. With the House schedule cleared until after the November elections, the industry is shifting its focus toward regulatory actions by the SEC and CFTC, as both agency chairs indicated they would proceed without new legislation.