#美联储加息是否已成定局 CLARITY Act stuck—does the crypto market have to wait again?
Last night, the U.S. Senate held a key vote on the “Digital Assets Market Clarity Act.”
The result was 49 votes in favor and 50 against, not reaching the 60 votes needed to move forward.
So this time, it’s not that the bill became law—it’s that even the step to continue reviewing it failed.
So what’s the big deal with this bill?
In simple terms, it aims to make the U.S. crypto market’s regulatory rules clearer.
The market has long had a major problem:
Which coins fall under securities regulation? Which are commodities? And who is responsible for overseeing them?
The CLARITY Act wants to write these boundaries into law, clearly define what the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) handle, and establish more explicit rules for trading platforms, digital asset issuers, and others.
Because it couldn’t advance this time, market sentiment naturally took a hit.
After the news broke, Bitcoin briefly dipped to around $76,000, and crypto-related stocks like Coinbase and Circle also saw noticeable declines.
But one thing to pay attention to:
This doesn’t mean the CLARITY Act is completely over.
This time, the procedural vote failed. Also, after the vote, Senator Thom Tillis proposed a motion to reconsider—so there is still room for further negotiations and another push forward.
What’s really getting stuck isn’t only the question of whether crypto should be regulated.
There are currently many disagreements within the Senate, including issues about officials holding and participating in crypto assets, anti–money laundering requirements, and competition between stablecoins and traditional banks.
Even before this vote, the Senate Republicans had already released a revised version, adding a lot of new content—but they still couldn’t secure enough votes.
So I think in the short term, the market may continue to be affected by news flow.
But in a longer-term view, what’s truly worth watching is:
When will the U.S. finally set the regulatory boundaries for the crypto market for real?
That may matter more than the result of a single vote.
The CLARITY Act didn’t advance this time.
It doesn’t mean the regulatory story for crypto has ended.
It just means this road has another hurdle.
Do you think there will be renewed talks later?
Last night, the U.S. Senate held a key vote on the “Digital Assets Market Clarity Act.”
The result was 49 votes in favor and 50 against, not reaching the 60 votes needed to move forward.
So this time, it’s not that the bill became law—it’s that even the step to continue reviewing it failed.
So what’s the big deal with this bill?
In simple terms, it aims to make the U.S. crypto market’s regulatory rules clearer.
The market has long had a major problem:
Which coins fall under securities regulation? Which are commodities? And who is responsible for overseeing them?
The CLARITY Act wants to write these boundaries into law, clearly define what the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) handle, and establish more explicit rules for trading platforms, digital asset issuers, and others.
Because it couldn’t advance this time, market sentiment naturally took a hit.
After the news broke, Bitcoin briefly dipped to around $76,000, and crypto-related stocks like Coinbase and Circle also saw noticeable declines.
But one thing to pay attention to:
This doesn’t mean the CLARITY Act is completely over.
This time, the procedural vote failed. Also, after the vote, Senator Thom Tillis proposed a motion to reconsider—so there is still room for further negotiations and another push forward.
What’s really getting stuck isn’t only the question of whether crypto should be regulated.
There are currently many disagreements within the Senate, including issues about officials holding and participating in crypto assets, anti–money laundering requirements, and competition between stablecoins and traditional banks.
Even before this vote, the Senate Republicans had already released a revised version, adding a lot of new content—but they still couldn’t secure enough votes.
So I think in the short term, the market may continue to be affected by news flow.
But in a longer-term view, what’s truly worth watching is:
When will the U.S. finally set the regulatory boundaries for the crypto market for real?
That may matter more than the result of a single vote.
The CLARITY Act didn’t advance this time.
It doesn’t mean the regulatory story for crypto has ended.
It just means this road has another hurdle.
Do you think there will be renewed talks later?