Senate fails to advance CLARITY Act despite crypto advocacy efforts

The U.S. Senate failed to advance the CLARITY Act on September 15 after a cloture vote fell short of the 60-vote threshold. Following the vote, Coinbase CEO Brian Armstrong reported that the Stand With Crypto advocacy group has surpassed four million members. While the group aims to mobilize crypto voters, the Senate vote highlighted the ongoing challenge of converting supporter lists into the bipartisan legislative support required for policy enactment.