Crypto stocks sink after Senate rejects Clarity Act
By Helene Braun from CoinDesk
Crypto stocks were a sea of red Tuesday afternoon after the Senate failed to advance the Clarity Act, dealing a major blow to an industry that has spent years — and hundreds of millions of dollars in campaign contributions — gunning for a comprehensive U.S. regulatory framework.
The pain spread across the sector.
The declines came after the Senate voted 49-50 on a procedural motion to advance the Digital Asset Market Clarity Act, well short of the 60 votes required.
The bill would have set rules for how different cryptocurrencies and blockchain projects are treated in the U.S., while giving the Commodity Futures Trading Commission (CFTC) greater authority over crypto spot markets.
Its failure means the industry will have to wait longer for the kind of legislation many companies have argued they need to make long-term plans in the U.S.
The Senate vote wasn’t necessarily responsible for the entire selloff. Tuesday’s trading was also shaped by investors cutting risk ahead of Wednesday’s Federal Reserve decision which will likely end with a rate hike.
Source : https://www.coindesk.com/markets/2026/09/15/crypto-stocks-sink-after-senate-rejects-clarity-act
