Regulation· ★★★★· bearish·

Lummis Blames Democrats' 'Hate' for Trump for CLARITY Act Failure

  • —The Senate rejected a procedural motion on the CLARITY Act on September 15, falling short of 60 votes
  • —Lummis said the bill grew from 300 to over 600 pages amid Democratic demands on ethics provisions
  • —Democrats want restrictions on Trump's crypto interests after he disclosed $1.4 billion in related income
  • —Polymarket odds of the CLARITY Act being signed into law in 2026 have dropped to 6%
Why it matters: Without federal legislation, the SEC and CFTC will keep writing crypto rules on their own, leaving the market in regulatory limbo.
Source: CoinCodex
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