The U.S. Senate has blocked the CLARITY Act from advancing after a key procedural vote ended 50–49, below the 60 votes required to move the bill forward. The vote was a setback for the proposed digital-asset market-structure framework, but it does not permanently prevent the legislation from being reconsidered.

🔄 Kevin O’Leary Expects Another Push

Shark Tank investor Kevin O’Leary has said he expects the CLARITY Act issue could return to Congress in the first or second quarter of 2027, as crypto companies and investors continue pushing for clearer digital-asset rules.

💰 A Separate Crypto Tax Bill Moves Forward

While the CLARITY Act stalled, the Digital Asset Tax Certainty Act (H.R. 10357) advanced through the House Ways and Means Committee with a 38–5 vote on September 16.

The legislation addresses several areas of crypto taxation, including:

🔹 Mining & staking tax treatment
🔹 Crypto lending and accounting rules
🔹 Wash-sale and other anti-abuse rules
🔹 Digital-asset broker reporting
🔹 Stablecoin transactions
🔹 Reducing unnecessary tax-reporting burdens

One part of the broader tax proposals addresses small digital-asset transactions and network fees, with lawmakers seeking to reduce reporting burdens for low-value transactions.

📊 What This Means for Crypto

The latest developments show that U.S. lawmakers are still actively working on cryptocurrency legislation, even after the CLARITY Act failed to clear its Senate procedural hurdle.

For exchanges, blockchain companies, investors, miners, and everyday crypto users, the eventual shape of U.S. legislation could affect market structure, taxation, reporting requirements, and regulatory clarity.

However, no comprehensive U.S. crypto market-structure law has been approved yet.

#USACryptoTrends #election #Clarity #ACT

🇺🇸 U.S. crypto legislation faces a Senate setback, while lawmakers advance new digital-asset tax rules. 📊₿