McHenry on the stalled Clarity Act: Industry also missed the opportunity, some responsibility acknowledged

Former U.S. House Financial Services Committee Chairman Patrick McHenry has acknowledged partial responsibility for the stalled CLARITY Act, the crypto market-structure bill that passed the House on July 17, 2025, by a 294-134 vote with 78 Democrats in support but later failed to advance in the Senate, where a September 15, 2026 cloture vote drew 49 in favor. McHenry said the crypto industry also missed its best window to push the bill through, pointing to shortcomings on both the industry and legislative sides, as reported by a Fox Business crypto correspondent. The stalemate matters because CLARITY would establish a long-sought federal framework dividing oversight of digital assets between the SEC and CFTC, and its failure leaves U.S. crypto firms without clear rules. What to watch next is whether Senate leaders revive the bill and whether the industry mounts a more coordinated lobbying push.