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Just days after a key crypto bill stalled on the Senate floor, industry insiders say the fight isn’t over. Adrian Wall, managing director of the Digital Sovereignty Alliance, says senators from both parties are quietly exploring a last-ditch push to revive the CLARITY Act before this Congress wraps up.
What Happened in the Senate
The CLARITY Act, a proposed framework for regulating crypto market structure, fell short on Tuesday when a cloture vote failed to clear the 60-vote threshold needed to move forward. It was a setback advocates had hoped to avoid, especially given months of lobbying and negotiation behind the scenes.
Wall didn’t sugarcoat it, calling the vote a “huge blow” during an appearance on Cointelegraph’s Chain Reaction show. But he was also careful to note that a failed vote isn’t necessarily a dead bill — just a delayed one.
A Long-Shot Lame-Duck Push
According to Wall, the conversations happening now aren’t coming from staffers testing the waters. He says he’s heard directly from senators on both sides of the aisle who are weighing whether to force another vote during the lame-duck session — the period after the election but before the new Congress is seated.
“There is an appetite to put this forward even during the lame duck period of Congress,” Wall said, though he was quick to temper expectations. “Is it easy? No. It’s going to be very complicated. It’s a long shot.”
He added that the senators he’s spoken with are actively strategizing about how to bring the other party back to the table for one more attempt.
Also Read: Bitcoin Miners Are Now Paying to Stop Mining — Here’s Why
What Happens If It Fails Again
If the lame-duck effort doesn’t pan out, the bill doesn’t necessarily disappear. Wall suggested the next Congress could simply pick up where this one left off, restarting the process of building support for a market structure framework. That would mean more delay for an industry that has spent years pushing for regulatory clarity — but it wouldn’t mean the effort is abandoned entirely.
The CLARITY Act’s path forward is narrow and uncertain, but Tuesday’s failed vote doesn’t appear to have closed the door completely. Whether lawmakers can find enough common ground during a compressed, post-election window remains to be seen — and either way, crypto policy is set to remain a live issue heading into the next session of Congress.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
