{
  "id": 7684417,
  "title": "Crypto industry turns to US regulators after CLARITY setback",
  "url": "https://urgent.news/2026/09/16/crypto-industry-turns-to-us-regulators-after-clarity-setback",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T02:24:07.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/crypto-industry-turns-to-us-regulators-after-clarity-setback"
  },
  "original_language": "en",
  "account": "The CLARITY Act, a major crypto bill aimed at establishing a regulatory framework for digital assets, failed to advance in the US Senate on Tuesday. Senator Thom Tillis moved to reconsider the failed cloture vote, suggesting the possibility of reviving the legislation. However, crypto industry leaders are divided on whether Congress has enough time left to pass the bill before its term ends in January. In the wake of the setback, industry executives are looking to US financial regulators, specifically the Securities and Exchange Commission and Commodity Futures Trading Commission, to fill the regulatory gap. Ripple CEO Brad Garlinghouse expressed optimism about the potential for clearer rules from the SEC and CFTC. However, NEAR chief legal officer Abhishek Vaidyanathan cautioned that rejecting the bill leaves firms dependent on agency guidance and administrative discretion, potentially leading to prolonged delays and increased legal work. Bitget Wallet COO Alvin Kan highlighted the continued uncertainty over how securities, commodities, and money-transmission rules apply across different products. The CLARITY Act may face another cloture vote after Tillis moves to reconsider the failed attempt. Industry executives remain divided on whether the legislation can be passed before the term ends. Polymarket odds of the CLARITY Act being signed into law in 2026 dropped to 5%, the lowest probability since the market began in January.",
  "summary": "The CLARITY Act could still be revived after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over whether Congress has enough time left.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Live Mint",
        "title": "Clarity Act could overhaul US crypto, stablecoin rules: What the bill changes and why it matters | Explained",
        "url": "https://urgent.news/2026/09/15/clarity-act-could-overhaul-us-crypto-stablecoin-rules-what-the-bill",
        "published": "2026-09-15T14:44:07.000Z"
      },
      {
        "outlet": "Yahoo Finance",
        "title": "Clarity Act: What it means for your crypto holdings",
        "url": "https://urgent.news/2026/09/15/clarity-act-what-it-means-for-your-crypto-holdings",
        "published": "2026-09-15T15:38:49.000Z"
      },
      {
        "outlet": "The Block",
        "title": "Sen. Elizabeth Warren says she wants a crypto bill, but the Clarity Act just isn’t it",
        "url": "https://urgent.news/2026/09/15/sen-elizabeth-warren-says-she-wants-a-crypto-bill-but-the-clarity-act",
        "published": "2026-09-15T17:49:30.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "Crypto industry reacts after Clarity Act fails Senate vote",
        "url": "https://urgent.news/2026/09/15/crypto-industry-reacts-after-clarity-act-fails-senate-vote",
        "published": "2026-09-15T19:06:31.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Bitcoin and crypto stocks slip as Clarity Act fails to advance in Senate (updated)",
        "url": "https://urgent.news/2026/09/15/bitcoin-and-crypto-stocks-slip-as-clarity-act-fails-to-advance-in",
        "published": "2026-09-15T19:12:03.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "The Senate fails to advance the Clarity Act, dealing a major blow to the crypto industry's push for a comprehensive market structure framework (CNBC)",
        "url": "https://urgent.news/2026/09/15/the-senate-fails-to-advance-the-clarity-act-dealing-a-major-blow-to",
        "published": "2026-09-15T19:17:34.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Senate fails to advance Clarity Act amid Democratic concerns about crypto bill",
        "url": "https://urgent.news/2026/09/15/senate-fails-to-advance-clarity-act-amid-democratic-concerns-about",
        "published": "2026-09-15T19:23:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}