A group of seven U.S. Democratic Senators declared on Wednesday that their dedication to advancing the Digital Asset Market Clarity Act has not wavered.
U.S. Senators Kirsten Gillibrand (D-NY), Angela Alsobrooks (D-MD), Cory Booker (D-NJ), Catherine Cortez Masto (D-NV), Ruben Gallego (D-AZ), Mark Warner (D-VA), and Raphael Warnock (D-GA) expressed in their Wednesday announcement, “This week was a setback, but not the end of that important work.”
The declaration emphasized that Democrats have spent the past two years striving to approve cryptocurrency regulations that would “expand opportunity, protect consumers, punish bad actors, create regulatory certainty, and include strong, commonsense ethics provisions for elected officials.”
The senators added, “We remain committed to working in a bipartisan fashion to get this legislation passed.”
This fresh statement arrives on the heels of the Clarity bill’s inability to clear the Senate’s procedural vote on Tuesday, which prompted numerous observers to pronounce the measure deceased. Despite requiring 60 affirmative votes to advance, it secured only 49 yes votes, with all seven Democratic senators who signed Wednesday’s release casting opposing ballots.
Focus on regulators
Even though the U.S. Senate might press forward with the measure, financial experts at StoneX indicated that the bill is effectively finished for the current session of Congress, given that merely 14 legislative days remain prior to campaign season.
Conversely, specialists at Bernstein indicated they anticipate the Securities and Exchange Commission alongside the Commodity Futures Trading Commission to address the regulatory void through targeted “specific rule-making.” These initiatives could potentially address vital matters such as the categorization of native crypto assets, safeguards for decentralized finance and self-custody systems, and guidelines controlling equity tokenization.
Furthermore, analysts from JPMorgan noted in a recent publication that regulatory agency rulemaking might institute parameters designed to “appease the crypto-ecosystem and instill some confidence into incremental capital flows,” even though such measures lack the permanence of formal statutory laws.
Originally published at https://www.theblock.co/news/regulation/2026-09-16-sen-gillibrand-still-committed-to-clarity-415326.
