The Democrats Who Helped Write the CLARITY Act Just Voted to Kill It. 49-50. Crypto's Senate Bill Is Dead for 2026.
Seven Democrats spent a year negotiating the crypto market-structure bill. On Tuesday every one of them voted no, three Republicans joined them, and the cloture motion didn't even get a simple majority. Lummis: 'It's over.' Coinbase fell 8.65%, Polymarket odds of passage hit 7%, and the industry's hundreds of millions in lobbying bought a bill that never reached the floor.