The CLARITY Act still needs 11 more votes in the U.S. Senate to pass, according to a Techub News brief citing cryptoslate.com. The bill currently has support from 49 senators. At the same time, four of those supporters have said they want revisions to the legislation. The update points to a split between headline backing for the bill and concerns over its current wording. No details on the proposed changes were provided in the source brief. The report focuses on the bill’s vote count in the Senate and the fact that some existing supporters are not fully satisfied with the current version.

The Senate’s failure to advance the CLARITY Act on Sept. 15 did not erase regulatory clarity for crypto, according to Chris Perkins, head of Franklin Crypto. Speaking on the Sept. 21 episode of Unchained’s Bits + Bips podcast, Perkins argued that recent actions by the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have already given institutions a workable framework, even without Congress writing digital-asset rules into federal law. Perkins pointed to the SEC’s five-year innovation exemption, issued two days after the Senate vote, which allows venues to trade tokenized U.S. stocks on public blockchains without registering as national securities exchanges, according to CoinDesk. He also cited the CFTC’s position that it will write its own crypto rules if Congress does not act. In his view, those moves answer a long-running industry dispute over whether tokens should be treated as securities or commodities. He described the shift as a broader regime change, saying crypto is beginning to trade more on fundamentals than as a frontier risk asset. Still, the framework remains temporary. The SEC exemption lasts five years and is subject to public comment, while the CFTC’s recent guidance says it is not binding on the commission. At the same time, the legislation may not be finished, with seven Senate Democrats reopening negotiations on market-structure legislation within days of the failed vote.

Crypto billionaires have launched a $30 million campaign targeting Democrats after the CLARITY Act failed to pass, according to Techub News. The move points to a sharp response from the crypto industry as the legislative process hit a roadblock. Techub said the campaign is aimed at pushing back against Democrats while using political donations to shape the direction of future policy. The report ties the effort directly to the failure of the CLARITY Act, framing it as a sign of how strongly parts of the industry are reacting to stalled legislation. No additional details on the campaign’s organizers, structure, or timeline were disclosed in the source brief.

The U.S. Senate failed on Sept. 15, 2026 to advance the Digital Asset Market Clarity Act, or CLARITY Act, after a procedural vote ended 49-50. The bill was not defeated on the merits, but it did not secure enough support to move into amendment, debate, and a final vote, leaving little time in the current Congress as the election calendar tightens. The setback matters because the bill was designed to answer several unresolved questions at the center of U.S. crypto regulation: when a token is treated as a security or a commodity, whether trading platforms should register with the Securities and Exchange Commission or the Commodity Futures Trading Commission, and under what conditions fundraising-related legal obligations tied to token sales can end. Its failure shifts the center of gravity back to regulators, courts, and the states. The debate also exposed unresolved fault lines over conflicts of interest, anti-money laundering rules for DeFi, and stablecoin rewards. With Congress stalled, the most likely near-term outcome is a patchwork approach: renewed legislative talks in a later session, more SEC and CFTC guidance and exemptions, and continued reliance on state licensing regimes.

Techub News reported that seven Republican senators have voiced support for a bank-leaning measure that would limit stablecoin yields, adding a new complication to the legislative path of the CLARITY Act. The bill is being reviewed as a framework for cryptocurrency regulation in the United States, and stablecoin provisions have emerged as one of its central points of dispute. The report did not provide further details on the proposed restriction, but said the senators’ position could make the bill’s progress harder as lawmakers continue to debate how stablecoins should be treated under the broader crypto regulatory structure.

The CLARITY bill, a key crypto market structure proposal in Washington, failed to clear the 60-vote threshold in the U.S. Senate last Tuesday, leaving it unable to advance to floor debate and narrowing its path this year as the calendar tightens ahead of the Nov. 3 midterm elections. In a note published Wednesday, Saxo Bank strategist Ruben Dalfovo said Coinbase faces the greatest exposure because its exchange business is tied most directly to U.S. market structure rules, including registration thresholds, eligible assets and participant requirements. Circle and Strategy, he said, face different risk profiles tied to USDC adoption, reserve interest, bitcoin holdings and financing access. Markets reacted quickly, with shares of Coinbase, Circle and Strategy falling 5% to 10% after the vote and weakening again the next day. Elsewhere, Standard Chartered’s Geoff Kendrick said Arbitrum could outperform Bitcoin and Ethereum by 2030 and projected ARB could rise from about $0.14 to $10, after already gaining 86% over the past month. Bitmine said more than 5.06 million of its 5.95 million ETH holdings are staked, implying annual staking income of $334 million at current rates. Phemex co-founder Federico Variola, speaking on Cointelegraph’s Chain Reaction, called AI a net negative for crypto, while others in the security sector offered a more mixed view.

Bitcoin climbed as high as $87,300 after breaking above the key $82,000 resistance level, triggering roughly $750 million in liquidations of bearish crypto derivatives positions. Buying tied to short covering added fuel to the move. Since the breakout, open interest in Bitcoin derivatives has increased by about $2 billion, a sign that leverage is returning quickly. Nansen analyst Nicolai Sondergaard said price has turned bullish faster than positioning has adjusted. He also pointed to $87,000 as the next key level, followed by $90,000 and around $92,000. Wintermute trader Jasper De Maere said Bitcoin could test $90,000 as well, though he cautioned that a break above the 50-week moving average is only a constructive signal and that sharp short-term swings remain possible. Spot Bitcoin ETF flows in the U.S. are also back in focus. After combined outflows of $746 million on Tuesday and Wednesday, tied in the report to the stalled CLARITY Act and a Federal Reserve rate hike, the products posted inflows of $160 million on Thursday and $433 million on Friday. The report said the average cost basis for U.S. BTC ETF holders is about $82,200, putting investors back in profit as Bitcoin moved above that level. Analysts are now watching whether spot demand can keep pace with rising derivatives leverage.

Kraken co-CEO David Ripley said Europe has taken a more practical approach to crypto regulation, arguing that the Markets in Crypto-Assets framework, or MiCA, gives the industry clearer operating rules. He contrasted that with what he described as a more adversarial regulatory climate in the United States. Ripley also said progress on the CLARITY Act has been slow and noted that work around the bill has stretched on for years. In his view, if the U.S. keeps delaying crypto legislation, it risks ceding leadership in financial innovation to the European Union. His comments come after Kraken secured a MiCA license from the Central Bank of Ireland in June 2025. That approval allows the exchange to operate across all 30 member states in the European Economic Area, or EEA. The remarks were reported by Bitcoin.com News.