The Clarity Act Stalled, but Crypto Dealmakers Are Not Slowing Down

What happened

The Clarity Act failed a Senate procedural vote on 15 September, falling short of the 60 votes needed to advance. Bankers expect crypto dealmaking to continue as the SEC and CFTC set rules in Congress's place.

Confirmed

Global impact / market context

Without this law, crypto companies face rules written by agencies like the SEC and CFTC instead of Congress, which means the rules can change when leadership changes. That uncertainty raises the risk of deals, so bankers say dealmaking continues because firms still need partners to grow.

Analyst inference

Crypto dealmaking means mergers, funding rounds, and partnerships. With the law stalled, agency rules become the main guide, so investors may value companies based on how well they fit current SEC and CFTC positions, which can shift with each new enforcement action.

Analyst inference

What to watch

1. The Senate procedural vote failed on 15 September, falling short of the 60 votes needed to advance the Clarity Act. Confirmed
2. Bankers expect crypto dealmaking to continue even though Congress did not pass the law. Proposed
3. Watch how SEC and CFTC rules change, because those agency decisions will shape deal terms and which crypto companies can attract investors. Analyst inference

Evidence

• coinpaprika.com