Altcoins News
By Evie Vavasseur
1 / 15
What the Failed Vote Actually Means. The September 15 cloture vote on H.R. 3633 couldn't pull together enough Senate support to advance.
2 / 15
Lame-Duck Session as Last Realistic Shot. Wall floated the post-election lame-duck session as the most realistic window for a second attempt.
3 / 15
Where H.R. 3633 Sits Right Now. Right now, the act is in procedural limbo. Tillis's reconsideration motion doesn't change the vote…
4 / 15
The CLARITY Act is basically dead in the water — for now. The bill failed a Senate cloture vote on September 15, falling short of the 60 votes needed to move forward, and…
5 / 15
Senator Thom Tillis did file a motion to reconsider the vote, which keeps H.R. 3633 technically alive in a procedural sense. But alive and moving are two very different things.
6 / 15
Wall shared his read on the situation during a recent episode of Cointelegraph's Chain Reaction show.
7 / 15
And the clock is running. Congress has a limited number of working days left before the current session ends, and crypto legislation has never been easy to prioritize against…
8 / 15
If the lame-duck session doesn't produce results, the whole thing probably lands in the next Congress's lap.
9 / 15
See also: Industry Leaders Demand Action as CLARITY Act Fails 49-50 in Senate Vote
10 / 15
The Digital Sovereignty Alliance, where Wall serves as managing director, has been pushing digital asset policy with lawmakers and regulators throughout the process.
11 / 15
Right now, the act is in procedural limbo. Tillis's reconsideration motion doesn't change the vote count, doesn't set a new hearing, and doesn't guarantee anything.
12 / 15
The 8% Kalshi figure is worth sitting with. Prediction markets aren't perfect, but they tend to aggregate a lot of informed opinion fast.
13 / 15
What's strange is that crypto market structure legislation has had genuine bipartisan support in theory for years.
14 / 15
Read also: CLARITY Act Fails 49-50 as Tillis Seeks Second Senate Vote Amid Uncertainty
15 / 15
Wall's read is that the interest is there. The mechanics are just hard. And with the current Congress running out of time, hard might be the same as impossible.
The Currency Analytics
Want the full story?