Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC 
ETH Key Facts
U.S. Treasury Secretary Scott Bessent urged the Senate to hold a procedural vote on the CLARITY Act, which will be voted on September 15.
During the August recess, cryptocurrency and banking groups actively lobbied senators in their respective districts. According to reports, the industry has invested at least $190 million in lobbying activities during the midterm elections.
predicts that market traders believe the probability that the bill will be signed into law this year is only 16%.
Treasury Secretary's latest call
On Wednesday, U.S. Treasury Secretary Scott Bessant urged the Senate to advance the CLARITY Act, six days left before a procedural vote on September 15 to determine whether the crypto market structure bill can enter the plenary debate. This is Basent's latest intervention on the voting issue. Many in the industry see this as the last realistic chance for this Congress to pass the bill. Because the bill requires 60 votes to pass, it also requires the support of Democrats.
Besent wrote in the letter: "I strongly urge all parties to remain at the negotiating table, agree to initiate procedural motions, and continue the legislative process." Failure, he added, would send a signal that "the United States is unwilling to lead in the future of digital assets and is willing to abandon strengthening national security tools to combat their abuse."
Senator Cynthia Lummis amplified the call, writing that the Senate "should listen" and urging colleagues to "send the CLARITY Act to President Trump's desk." "It's time to stop talking and start voting," Coinbase Vice Chairman Ryan VanGrack said in an interview with Bloomberg Television. He added that if the Senate fails to pass the bill,"consumers will not be able to obtain new protections."
The game between crypto and bank lobby groups
According to Reuters, both sides of the debate have extended the battlefield to the senator's home state. Mason Lynaugh, executive director of Stand With Crypto, a group backed by Coinbase, said the group contacted Congress nearly 50,000 times in August.
Reuters reported that the industry has invested at least $190 million in the midterm elections.
The Independent Community Bankers of America ran television ads and sent members to meet with senators to oppose the stablecoin provisions in the bill. Senators James Lankford and Mike Rounds warned that certain tokens could compete with bank deposits.
According to Punchbowl News, the Cedar Innovation Foundation, which is associated with the Fairshake super PAC network, is launching a seven-figure cable TV advertising purchase plan. One ad accused banks of a "bloodthirsty chase" for profits.
Stuart Alderoty, Ripple's chief legal officer and head of the National Cryptocurrency Association, asked the undecided or opposed Senate office to first meet with "ordinary people who own cryptocurrencies" and set the number of people affected at 67 million Americans.
Predicts that the market will still maintain the probability of passing the CLARITY Act at 16%
According to analysts quoted by Reuters, the bill's prospects seem slim. Republican senators reportedly expected the bill to fail due to unresolved ethics provisions, a view TD Cowen had held as early as May.
As of writing, traders on the forecast market Polymarket will price the probability that the bill will be signed into law in 2026 at 16%, down from about 25% a month ago.
Extended reading: Crypto executives say imperfect CLARITY Act is better than more delays
