Crypto Clarity Act Falls Short in Senate as Stablecoin Rules Advance

A CoinDesk report cited in the source said the Crypto Clarity Act failed to clear the US Senate’s 60-vote threshold. The bill concerns crypto market structure, including trading venues, digital-asset markets and the treatment of DeFi.

The Genius Act, which became federal law with bipartisan support in the Senate and House about a year earlier, is described as making digital dollars legal in the US financial system. The source says that, as of January 2027, stablecoins such as USDC will become legal digital dollars in the US and global financial systems.

The additional market-structure framework remains unresolved. The source expects agencies including the CFTC, SEC and bank regulators to continue acting under existing authority, with further legislation eventually passing Congress.