Key facts
- Senators from both parties are considering another attempt to advance the CLARITY Act.
- The CLARITY Act could be brought up again during the post-election lame-duck session.
- The bill failed to gain sufficient support in the Senate this week.
- Adrian Wall, managing director of the Digital Sovereignty Alliance, has spoken with senators about the possibility.
- Wall described the failed Senate vote as a "huge blow" but not necessarily the end of the legislation.
The CLARITY Act, a proposed piece of legislation aimed at structuring the cryptocurrency market, may receive another opportunity to advance in Congress during the upcoming lame-duck session. Adrian Wall, managing director of the Digital Sovereignty Alliance, indicated that senators from both major parties are contemplating a renewed effort to push the bill forward before the current congressional term ends. Wall shared these insights during Cointelegraph’s Chain Reaction show on X, stating that he has directly heard from senators who believe there is an "appetite to put this forward even during the lame duck period of Congress." He acknowledged the difficulty, calling it "very complicated" and a "long shot," but emphasized that the possibility came directly from senators, not staff. This potential push follows a recent failed Senate cloture vote on Tuesday, which required 60 votes to proceed and ultimately fell short. Despite the setback, Wall suggested that if another attempt during the lame-duck session is unsuccessful, the next Congress could still take up the matter of crypto market structure legislation. The Digital Sovereignty Alliance is described as a nonprofit advocacy group that collaborates with lawmakers and regulators on digital asset policy.