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Bonus TL;DR
- A Senate cloture motion for the Digital Asset Market Clarity Act failed in a 49-50 vote, falling short of the 60 votes required and stalling a major effort to define regulatory boundaries between the SEC and CFTC.
- Polymarket traders successfully anticipated the bill’s legislative hurdles, slashing the implied probability of its passage from around 82% in February 2026 down to the mid-to-high 20s before the vote even took place.
The U.S. Senate failed to advance the Digital Asset Market Clarity Act on Sept. 15, 2026, and Polymarket traders had already slashed the bill’s implied chances of passage before the vote.
The failed procedural vote matters because the CLARITY Act was designed to create a federal framework for digital asset markets and clarify jurisdiction between the SEC and CFTC. Without it, the two agencies continue to contest oversight boundaries, while negotiations over stablecoin policy and ethics rules remain unresolved.
Senate cloture vote stops the bill
According to TradingView News, a cloture motion on the bill failed 49-50, short of the 60 votes needed to move forward in the Senate.
The report said every Democratic senator voted against advancing the measure, and four Republicans joined them. Susan Collins and Josh Hawley were identified among the Republican dissenters. A motion to reconsider was filed after the vote.
The bill had previously cleared the House on July 17, 2025, by a 294-134 vote. It also advanced out of the Senate Banking Committee on May 14, 2026, before later negotiations stalled.
Polymarket odds had already turned sharply lower
TradingView said Polymarket odds for the CLARITY Act’s passage were near 82% in February 2026. By the time senators voted, those odds had fallen into the mid-to-high 20s.
That drop suggests prediction market participants had already priced in the bill’s weakening prospects before the Senate formally blocked it.
The source said talks had stalled over two issues: ethics provisions related to public officials holding digital assets, and whether stablecoins should be allowed to pay yields to holders.
What remains unresolved
The CLARITY Act was intended to define how federal regulators would divide authority over digital asset markets. With the bill stalled, that jurisdictional fight between the Securities and Exchange Commission and the Commodity Futures Trading Commission remains unsettled.
The stablecoin yield issue also remains open. According to the source, that question could affect competition with bank deposits and money market funds.
What happens next is less clear from the report. A motion to reconsider has been filed, but the source did not say whether the bill could be revived before the end of the year.
Source: As reported by news.google.com.
