$BTC $ETH CLARITY Act failed to advance—U.S. crypto regulation is back at a crossroads

Recently, the U.S. Senate voted 49–50, failing to advance the CLARITY Act. It is still 11 votes short of the 60 needed. This means that the crypto market structure bill, which had been highly anticipated by the market, cannot move on to the next stage.

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Previously, Democrats mainly focused on ethical restrictions, as well as conflicts of interest between Trump and his family and crypto assets. The banking sector was also concerned that the stablecoin yield mechanism could affect traditional bank deposit and lending systems.

On the other hand, some Republican lawmakers also did not support moving the bill forward, so the final vote count did not reach the 60-vote threshold.

This also explains why the “regulatory clarity” that the market has been waiting for is now going to have to be delayed again.

#CLARITYAct originally aimed to further clarify the regulatory jurisdiction of the SEC and the CFTC over different digital assets, establishing a more complete set of federal rules for the issuance, trading, and market structure of crypto assets.

But after this procedural vote failure, in the short term, related regulatory work will still rely more on existing agency authorities and current rules.

For #BTC and #ETH , the biggest impact may not be a sudden spike or drop on any one day.

Instead, the key question is when the U.S. will be able to form a more stable digital-asset regulatory framework.

If future renegotiations can resolve the core disputes—ethics, stablecoins, and regulatory jurisdiction—the bill could still re-enter the agenda.

But for now, the reality the market must face is that regulatory progress has been slowed again.

So when looking at the crypto market now, don’t just look at prices.

U.S. regulatory policy itself has also become an important variable affecting capital sentiment and institutional participation.

Let me break down each day’s market hotspots in simple terms, so complex information is easier to understand.