Clarity Act Stalls in Senate Despite 8 Million Dollars in Crypto Lobbying

The crypto industry spent 8 million dollars on lobbying for the Clarity Act during the first half of 2026, accounting for a significant portion of the 13 million dollars total sector spending. Despite passing the House in July 2025 with 294 votes to 134, the bill failed to clear the Senate on September 15, 2026, falling short with a 49-50 vote. The legislation aimed to clarify regulatory jurisdiction between the SEC and the CFTC regarding digital assets. Senate opposition was driven by a lack of Democratic support and demands for stricter oversight on crypto activities linked to the Trump family. Senator Thom Tillis voted against the motion to allow for a potential future re-vote.