CLARITY Act may be revived in post-election congressional session, advocate says
CLARITY Act could get another chance in Congress
The CLARITY Act, a proposed crypto market structure bill that failed to advance in the Senate this week, may get another chance during the post-election lame-duck session of Congress. That is according to Adrian Wall, managing director of the Digital Sovereignty Alliance, a nonprofit group that works with lawmakers on digital asset policy.
Wall said he has spoken directly with senators from both parties who are considering another attempt to move the legislation forward before the current Congress ends. The comments came during Cointelegraph's Chain Reaction show on X on Wednesday.
Key points
- The CLARITY Act failed a Senate cloture vote on Tuesday and did not reach the 60 votes needed to move forward.
- Adrian Wall said senators from both sides are discussing a potential last-ditch push during the lame-duck session.
- Wall described the lame-duck effort as a "long shot" and "very complicated."
- If this attempt fails, Wall said the next Congress could take up crypto market structure legislation.
What the advocate said
"There is an appetite to put this forward even during the lame duck period of Congress," Wall said during the show. He said he heard the possibility directly from senators, not from congressional staff, and that they "have a strategy to engage the other side and see if there's a last chance to do it."
Wall called Tuesday's failed cloture vote a "huge blow" but said it was not necessarily the end for the legislation. A cloture vote is a Senate procedure used to end debate and move a bill forward. The CLARITY Act fell short of the 60-vote threshold required.
What is confirmed
- The CLARITY Act did not receive enough votes to advance in the Senate this week.
- Adrian Wall, managing director of the Digital Sovereignty Alliance, said senators from both parties discussed a possible lame-duck session attempt with him directly.
- Wall described the effort as unlikely and complicated, calling it a "long shot."
What is still unclear
It is not confirmed whether a lame-duck vote on the CLARITY Act will actually happen. The comments reported are discussions about a possibility, not an official announcement from Congress or Senate leadership.
What happens next
If a lame-duck attempt does not succeed, Wall said the next Congress could pick up the work on crypto market structure legislation. The CLARITY Act is designed to create clearer rules for how digital assets are regulated in the United States.