Big banks and Democrats blocked the CLARITY Act in the Senate
- —The CLARITY Act failed a procedural vote in the U.S. Senate
- —Banks and Democrats are also opposing open banking rules
- —Prediction markets price a 5% chance of the law passing by end-2026
- —U.S. crypto regulation now relies on existing agency authority
Why it matters: Without the CLARITY Act, U.S. crypto oversight stays fragmented, keeping regulatory uncertainty for exchanges and token projects.
Source: Crypto Briefing