After the CLARITY Act failed to advance in the Senate, the crypto industry is shifting its focus to U.S. regulators. The bill isn't dead yet—Senator Thom Tillis has started a formal process to review the failed cloture vote, giving CLARITY a potential second shot. But not everyone in the industry is optimistic: some company execs doubt Congress can squeeze the bill back onto the agenda with the little time left.

Where Things Stand Now

The main procedural hurdle is the failed cloture vote, which is needed to move the bill to a final debate. In response, Tillis filed a motion to review the outcome, which technically keeps CLARITY in play. There’s no timeline or clear next step in the public record yet.

Industry Reaction

Opinions in the crypto space are split on whether Congress can revive the bill before time runs out. In reality, most of the action is now with U.S. regulators—everyone from exchanges to DeFi protocols is either pushing for clarity on current rules or tweaking their compliance processes to fit what’s already on the books.

What's Next for CLARITY

It all comes down to whether the review of the failed cloture vote moves forward. If it does, the bill could get another shot at debate. If not, most crypto firms seem ready to keep pressing for regulatory certainty—either through new guidance from watchdogs or by adapting to the current patchwork of rules.