Is Clarity dead? A vibes-based analysis: State of Crypto
The Digital Asset Market Clarity Act faces an uncertain future in the U.S. Senate as it approaches a critical cloture vote. Industry participants are pessimistic about its passage due to political gridlock and the proximity of the midterm elections.
Why it matters
The failure of this bill would leave a significant regulatory void in the cryptocurrency market, forcing agencies to rely on rulemaking.
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The Digital Asset Market Clarity Act has a new draft and is 47 hours and 45 minutes from its first cloture vote, probably. And no one can say with certainty if there's 60 votes for it.
This is almost the Clarity Act's last chance in 2026. The Senate only has so much floor time before the election, and it's got other issues to address. If the bill fails this week, or can't make it past the Senate this month, that all but assures that the bill won't become law this year.
CoinDesk's Jesse Hamilton walks through the analysis on what may happen with Clarity ( click here ) so no need to revisit that. This newsletter will instead be informed by vibes.
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