Senate Rejects Deregulatory Crypto Bill Amid Concerns Over Industry Regulation
On September 15, 2026, the Senate voted down a deregulatory bill for crypto markets known as the CLARITY Act. The vote required 60 Senators to pass but failed with 49 votes in favor and 50 against, with one Senator absent.
The legislation was met with opposition from both parties, and Better Markets has long been critical of the lawless nature of the crypto industry. The organization raised key questions about the bill that lawmakers should address before advancing it.
In other news, Congress held a hearing on September 2, 2026, to discuss the state of the economy. Darrick Hamilton, Chief Economist for the AFL-CIO, noted that investments in American workers and strong consumer protections are necessary to improve the economy.
The Senate also advanced Brian Johnson as the next Director of the Consumer Financial Protection Bureau (CFPB), despite concerns from Ranking Member Elizabeth Warren about his support for dismantling the agency.