The United States Senate has blocked debate on the Digital Asset Market Clarity Act, leaving the country's main crypto market law stalled. The vote on September 15 ended 49 to 50, with one senator not voting, well short of the 60 votes needed to move forward. It was not a final vote on the bill itself, but it stops the bill for now and reports say it could stay shelved until at least 2027.
The Clarity Act was meant to draw a clear line between the two big US regulators. It would have divided oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), defined which digital assets are securities and which are commodities, and created a registration path for digital commodity markets. The House passed its version in 2025, but the Senate version ran into disagreements over ethics rules, consumer protection and stablecoin rewards.
With Congress stuck, both agencies are now writing rules on their own using existing laws. The CFTC sent a crypto markets measure for review on September 17 and published an advance notice on October 5 covering leveraged retail crypto trading, asking for feedback on safeguards. Its chair said in early October the agency will move ahead under the Commodity Exchange Act. The SEC, under its Project Crypto work, proposed a first digital asset custody framework on October 1, and its wider Regulation Crypto Assets proposal, with offering routes of up to about $5 million and about $75 million, has a public comment deadline of October 20.
Traders are watching this shift while Bitcoin holds near $83,500 to $84,000. The total crypto market was around $2.9 trillion in early October 12 trading, with Bitcoin dominance near 58% and sentiment in greed territory. A key support near $83,200 is in focus, and US inflation data due October 14 is seen as the next big catalyst for price direction.
For traders, agency rules could arrive faster than a new law, especially for leveraged trading, tokenized stocks and custody. But rules made without Congress carry less certainty — they can be changed by a future commission or challenged in court, and they do not create a full federal system for spot crypto exchanges. The next dates to watch are the SEC comment deadline on October 20 and any publication of the CFTC's full proposal text.
Read also: BREAKING: Saylor's Strategy Now Holds 848,250 Bitcoin — But Its Latest Buy Is the Smallest of 2026
This post is news only, not financial advice. Always do your own research before buying or selling crypto.
Sources: Crypto.news, Bitcoin Protocol News, CryptoJobs News
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