DeFi & NFT
By Dan Saada
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The 60-Vote Problem. The Senate has a cloture vote locked in for September 15 at 2:15 p.m.
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What Failure Would Mean for Crypto. If the cloture vote falls short on September 15, the Clarity Act probably doesn't come back until…
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The White House isn't waiting around. It's drawn a hard line for the Senate on crypto market structure legislation, and the clock is already running.
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A White House representative came out swinging after Senate Democrats blocked a procedural vote on the Clarity Act just before the August recess.
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The Clarity Act — formally H.R. 3633 — has actually cleared some real hurdles. The House passed it with a 294-134 vote back in July 2025.
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The Senate has a cloture vote locked in for September 15 at 2:15 p.m. To end debate and push the bill forward, 60 votes are needed.
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And it's not a sure thing. Not even close.
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Polymarket data shows the odds of the Clarity Act becoming law in 2026 sitting at roughly 25% — and that's actually a recovery.
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See also: Polymarket Gives CLARITY Act Just 21% Odds as Senate Punts to September
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Meanwhile, the SEC isn't sitting on its hands. The agency has an open meeting planned to propose a new rule framework for crypto investment contracts, essentially trying to build…
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Right now, the SEC and CFTC split oversight duties for crypto under statutes that predate the modern market by years, in some cases decades.
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That's not just a regulatory headache. It complicates compliance for exchanges, creates legal exposure for DeFi protocols, and makes it harder for institutional money to move in…
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The sticking points are real, though. The Democrats who blocked the bill weren't just being obstructionist for sport — at least not entirely.
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See also: CLARITY Act Has a 75% Chance of Dying Before September Vote
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What happens between now and September 15 is murky. Negotiations could produce changes that bring reluctant Democrats on board.
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