# Senate blocks crypto bill as midterms loom

> The Clarity Act failed to advance, leaving the crypto industry in regulatory limbo ahead of November elections.
- Title: Senate blocks crypto bill as midterms loom · New York Post
- Summary: The Clarity Act failed to advance, leaving the crypto industry in regulatory limbo ahead of November elections. Without the Clarity Act, crypto projects…
- Keywords: clarity act, digital asset market clarity act, senate, crypto regulation, midterm elections, republicans, democrats, susan collins, josh hawley, jerry moran, sec, cftc
- Source: New York Post — https://nypost.com/2026/09/15/business/senate-fails-to-advance-clarity-act-in-blow-to-crypto-industry-ahead-of-2026-midterms
- Published: 2026-09-15T22:15:45+00:00
- Read time: 1 min
- Topics: clarity act, digital asset market clarity act, senate, crypto regulation, midterm elections, republicans, democrats, susan collins, josh hawley, jerry moran, sec, cftc
## Senate blocks crypto bill
The Clarity Act failed a procedural vote 50-49, missing the 60 votes needed. Three Republicans joined Democrats in voting no.
## Midterms could kill the bill
If Democrats win back the House or Senate in November, the crypto legislation faces an even tougher path forward.
## What the bill would do
The 600-page act aimed to create universal crypto rules, including SEC and CFTC oversight, registration requirements, and anti-money-laundering measures.
## Democrats wanted Trump protections
Dems argued the bill was too lenient and didn't stop Trump from profiting after he made $1.4 billion from crypto businesses last year.
## Projects stuck in legal limbo
Many altcoins and crypto projects have no clear rules on whether they're securities or commodities, or who oversees them.

> Many altcoins and other crypto projects are now stuck in a sort of legal purgatory
## Adoption slows without clarity
Large institutions keep building, but cautious banks and asset managers are waiting for stable rules that will survive court challenges.

> Without it, adoption continues, just more unevenly and with fewer institutions willing to move at scale.
## Key takeaway

Without the Clarity Act, crypto projects remain stuck in legal uncertainty with no clear rules on whether they're securities or commodities.