The U.S. Senate failed Tuesday to advance a revised version of the Digital Asset Market Clarity Act of 2025, commonly known as the CLARITY Act, after a procedural cloture vote was rejected 49-50, short of the 60 votes required.

The House passed H.R. 3633 in July 2025. Senate sponsors released revised substitute text Sept. 14 aimed at creating a federal digital-asset market-structure framework and clarifying the respective roles of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The Senate’s Sept. 15 vote did not decide final passage; it blocked the measure from advancing at that point.

The vote followed months of disagreement over issues beyond SEC-CFTC jurisdiction. Critics had sought…