Don’t mix it up! The “AI Genius Bill” is already in effect—tonight focus on the CLARITY bill voting

Many market rumors confuse two separate bills. The GENIUS genius bill was officially enacted as early as July 2025. It mainly regulates the issuance of payment-backed stablecoins, reserve assets, and supervisory rules.

Tonight, what truly impacts the crypto market is the procedural vote in the Senate for the “Digital Asset Markets Clarity Act” (CLARITY). The core of this bill is to define whether digital assets are securities or commodities, clarify the SEC vs. CFTC regulatory responsibilities, and set operating rules for trading, custody, and DeFi-related businesses.

For this vote, 60 votes are needed—not to finalize legislation, but only to open the bill for consideration. Even if the procedural vote clears the threshold, the Senate will still continue with debates and further votes. If the House and Senate versions differ, they must be coordinated and unified before being submitted for the President’s signature. So a procedural vote passing only means the legislative process has taken a key step forward—it does not mean that U.S. crypto regulatory legislation is fully finalized.

In terms of votes: the Republican Senate has 53 seats. To reach the target, it needs at least 7 votes from Democratic or independent members. However, in the committee stage, only two Democratic senators voted in favor—so getting enough votes will be challenging.

Market expectations: the probability of this procedural vote passing is 35%. The probability of failing to cross the 60-vote threshold is 65%. The chance the bill completes the full legislative process in 2026 is only 15%-20%. Tonight’s voting outcome will directly influence market fluctuations, so it’s worth paying close attention.

#CryptoRegulation #CLARITYAct