CLARITY Act Faces Uncertain Future After Senate Cloture Vote Failure

The CLARITY Act failed to secure the 60 votes required to advance in the Senate on September 15. Although Senator Thom Tillis moved to reconsider the vote, keeping the bill procedurally open, advocates describe a revival as a long shot. Prediction markets currently estimate an 8% probability of the bill passing before January 1, 2027. Despite the setback, some lawmakers are reportedly exploring further efforts to advance crypto regulation before the current Congress adjourns.