Clarity Act Blocked by 49-50 Procedural Vote; Not Automatically Carried Over to New Congress

The U.S. Senate failed to advance the CLARITY Act, a key crypto market structure bill, after a cloture vote on September 15 ended in a 49-50 split, falling short of the required 60-vote threshold to end debate. This procedural vote did not constitute a final rejection of the bill but rather blocked the move to begin formal Senate deliberations on the legislation. The bill, which had previously passed the House of Representatives on July 17, 2025, with a 294-134 vote, now faces an uncertain path as it does not automatically carry over to the next congressional session. The outcome highlights the significant legislative hurdles remaining for comprehensive crypto regulation in the U.S. Congress. Market participants should monitor whether the bill is reintroduced in the next Congress or if alternative regulatory frameworks emerge to address the current legal vacuum.