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The U.S. Senate failed to advance the Clarity Act due to insufficient votes, triggering a broad decline in crypto-linked stocks, with Coinbase and Circle each dropping over 10% intraday.
U.S. House Speaker Johnson announced that he has spoken with Trump and plans to convene executives from multiple AI vendors at the White House for an important meeting in the coming week. Johnson emphasized the need to establish balanced regulatory guardrails for AI technology development through independent audits and transparency mechanisms.
The U.S. Senate failed to advance the Digital Asset Market Clarity Act on a 49-50 vote, causing crypto stocks such as Coinbase and Circle to collectively fall more than 8% that day. The legislative setback has temporarily stalled the industry's long-awaited federal market structure framework.
Odaily News: A Fox Business crypto reporter posted on X that U.S. Senator John Kennedy said he was "not surprised" by the failure of the Clarity Act vote, but does not believe the bill is dead. John Kennedy stated that Democratic colleagues understand the need to establish a crypto market structure that appears to have been intentionally designed, but the related work will have to wait until the lame-duck session.U.S. Senator Ted Cruz, citing the film The Princess Bride, said there is a big difference between the bill being "dead" and "mostly dead," and expressed hope that it can be brought back to life. Ted Cruz blamed Democrats for the failed vote, saying they are "playing politics" and driving crypto industry activity and jobs overseas.
The Clarity Act failed after falling short of 60 Senate votes. Industry executives noted that it does not alter the long-established regulatory trajectory, but warned that the lack of a statutory foundation will heighten uncertainty and could accelerate corporate migration to markets such as the EU.
The U.S. Senate failed to advance the Digital Asset Market Clarity Act due to insufficient votes. Hampered by internal disputes over provisions and opposition from state attorneys general, the bill is expected to stall this year.
According to Odaily, a Fox Business crypto reporter posted on X that several Democratic senators, including Gillibrand, Warner, Booker, Warnock, Gallego, and Cortez Masto, all voted against the Clarity Act. These senators had been involved in negotiations over the bill for months, and attention is now on Sen. Alsobrooks' vote.
The Digital Asset Market Clarity Act made no progress during Tuesday's Senate vote, failing to secure the required 60 votes. Despite months of bipartisan negotiating, it ultimately failed due to unresolved core differences, including those over ethical provisions.
Odaily News: A Fox Business crypto reporter posted on X that Clarity Act author @SenLummis is lobbying for a vote, calling on Democrats to vote to advance the bill after Republicans made major concessions on ethics rules and other provisions. The reporter said that, according to their previous post, bipartisan negotiations appear to have suddenly ended.
Odaily News: Carolyn Wilkins, a member of the Bank of England (BoE) Financial Policy Committee, said that the growth of dollar stablecoins could reinforce the dollar's global dominance and increase demand for US Treasuries. Speaking at Queen's University Belfast, she noted that dollar stablecoins can facilitate cross-border settlement and expand access to dollar-denominated assets outside the United States.Tether, the issuer of USDT, and fintech company Circle, the issuer of USDC, held nearly $150 billion in US Treasuries by the end of 2025 and bought about $33 billion that year. Wilkins pointed out that large-scale stablecoin redemptions could force issuers to sell Treasuries, thereby amplifying volatility in stressed markets.Total stablecoin circulation has now exceeded $300 billion, with 98% of that value pegged to the US dollar. Wilkins said this gives the dollar a significant first-mover advantage, and the development of the stablecoin market now has implications beyond the cryptocurrency sector.The development of pound sterling stablecoins has been relatively slow. The UK Financial Conduct Authority has tested potential issuers through a dedicated regulatory sandbox and finalized UK stablecoin issuance rules in June; the Bank of England has also tested the feasibility of using stablecoins in coordination with a simulated digital pound for cross-border trade payments. (Cointelegraph)
Odaily reports: Bitcoin News posted on X platform stating that Coinbase Vice Chairman Ryan VanGrack said clear regulatory rules for cryptocurrency will be introduced, whether through Congress or regulators. During an appearance on CNBC, VanGrack stated that the over 600-page CLARITY Act is closer than ever to gaining bipartisan support, with backing from law enforcement groups, Wall Street firms, and crypto voters. He also noted that the SEC and CFTC have made it clear that new rules will be introduced regardless, adding that "now is the time to choose policy over politics and get this done."
Odaily News: The U.S. crypto market structure bill, the Clarity Act, is approaching its first Senate vote, with no indication that the two sides have reached an agreement sufficient to ensure the bill's passage. A counterproposal put forward by Democrats on Monday evening has already met with Republican resistance. (CoinDesk)
According to Kazinform, Timur Suleimenov, Governor of the National Bank of Kazakhstan, announced at a government meeting that Kazakhstan will establish a State Cryptocurrency Analysis Center to monitor digital asset-related transactions. The center will be built on the National Bank’s Supervisory Technology (SupTech) platform, capable of simultaneously analyzing fiat and cryptocurrency transaction information, covering customer, wallet, and transaction data. It will be integrated with the National Bank’s Anti-Fraud Center and provide verification tools to banks, law enforcement agencies, and licensed digital asset service providers. Previously released data shows that the scale of digital asset transactions in Kazakhstan has reached $10.6 billion.
According to Crypto in America, the U.S. Senate will hold a key procedural vote on the Clarity Act today (September 15) at 2:15 p.m., which requires 60 votes to advance to formal debate. At the Democrats' request, Republicans have made 126 substantive amendments to the bill, covering ethics provisions, protections for software developers, and a "circuit breaker" mechanism for stablecoin deposits, designating it as the "final, best and final" version.
According to The Block, Katie Wobadden, spokesperson for Senator Cynthia Lummis, stated that the Democrats' amended counterproposal for the latest version of the Clarity Act is identical to their pre-recess position, leading Republicans to reject it. Wobadden noted that Republicans have already made significant concessions on multiple fronts, including agreeing to nearly the entire Tillis-Gallego ethics framework, while Democrats "have not budged," and called on them to engage in substantive negotiations.
According to reports from Bitcoin.com, the National Bank of the Kyrgyz Republic (NBKR) signed a memorandum of understanding with blockchain security company Certik on September 9. The two parties will collaborate in areas such as cybersecurity, digital asset custody, anti-money laundering (AML), and counter-terrorism financing (CFT) to jointly advance the security development of the country's digital currency, the Digital Som. Under the agreement, NBKR will deploy Certik's monitoring tools to implement 24/7 compliance monitoring of digital assets, and provide technical training and knowledge transfer to central bank personnel. Previously, Certik has provided technical advisory support to U.S. regulators and the Monetary Authority of Singapore (MAS).
In a write-up by Wintermute OTC trader @Jjay_dm, BTC ETFs recorded a net outflow of $463 million for the week ending September 14, marking the first negative reading since June's lows. ARK and Grayscale alone accounted for combined outflows of $371 million, while BlackRock remained flat. As a result, BTC fell 4.4% for the week to close at $76,838, making it the worst-performing asset, while Ethereum dipped 1.5% and altcoins collectively gained 1.0%. On the macro front, the US August CPI came in at 0.4% month-on-month (core 0.3%), exceeding the expected 0.2%, while the PPI annual rate hit 5.4%, prompting Goldman Sachs to upgrade its September rate outlook from "hold steady" to "increase." The market has now priced in an 87% probability of a 25-basis-point hike on Wednesday. Meanwhile, ongoing escalation in Middle East tensions pushed Brent crude past $105/barrel, and the 10-year US Treasury yield reached a 20-year high. Wintermute stated that following the shift to negative ETF flows, it favors a neutral over a bullish market stance. Two key catalysts this week: ① On Tuesday, the US Senate will hold a procedural vote on the CLARITY Act (Crypto Market Structure Act), which requires 60 votes to pass; ② On Wednesday, the Fed will announce its interest rate decision. While the rate hike itself is already fully priced in, subsequent hawkish commentary (particularly any signals pointing to continued tightening into Q1 2027) could exert downward pressure on the crypto market.
Odaily News: Bitget Wallet has announced its integration with RWA protocol Reality, opening trading access to over 1,700 rToken tokenized US stocks. Through this integration, users can trade tokenized US stocks 24/7 on Arbitrum and Morph without needing to open an overseas brokerage account, submit KYC, complete a W-8BEN form, or arrange a wire transfer. Dividends generated by the corresponding underlying assets will be credited to Bitget Wallet in USDT at a 1:1 ratio.Reality is a compliant tokenized asset issuance platform, licensed under El Salvador's digital asset issuance law framework. Its issued rTokens are backed 1:1 by real US stocks, currently supporting over 1,700 tokenized US stocks including rTSM, rNVDA, rAAPL, and rQQQ, covering approximately 95% of US market trading volume. rTokens can connect directly to liquidity across all US markets including Nasdaq and the NYSE, with underlying assets compliantly custodied by FINRA-licensed broker-dealer Alpaca Securities, maintaining a reserve ratio exceeding 100%, with third-party CPA firms issuing daily real-time Proof of Reserve (PoR). This integration will further advance Bitget Wallet's Everyday Finance strategy, aiming to enable users to seamlessly conduct everyday transactions of traditional financial assets through an on-chain wallet.
Odaily News: Bitcoin News posted on X platform that Senator Elizabeth Warren called the CLARITY Act "an insult to the American people," arguing that cryptocurrencies would be exploited by criminals and terrorists and pose risks to the financial system. Senator Cynthia Lummis responded that Warren's stance represents "a surveillance state in the making," which would allow the federal government to monitor how Americans use their money through their bank accounts, and called it "wrong and un-American."The U.S. Senate will hold a key cloture procedural vote on the CLARITY Act at 2:15 PM Eastern Time today.
Odaily News: The Central Bank of Russia, in its draft policy for 2027 to 2029, has classified cryptocurrencies and stablecoins as major risks to the financial market, stating that they could undermine the ruble's status and monetary sovereignty, and pose a risk of total loss of investors' principal. The bank also noted that the cross-border and decentralized nature of crypto assets could facilitate illegal activities and the expansion of shadow markets.The Central Bank of Russia advocates for criminal liability for unlicensed platforms and exchanges that facilitate the circulation of digital currencies, and administrative fines for participants who violate trading rules. Russia has already allowed specific companies to use crypto assets such as Bitcoin to settle international trade contracts under central bank supervision, with domestic retail investors permitted to trade through licensed intermediaries at an annual limit of approximately $3,700. (Bitcoin.com News)