Story perspectives

Senate Fails to Pass Digital Asset Market Clarity Act

By Drooid · Sep 15, 2026, 10:02 PM UTC · How we work

Center

Warren calls fig leaf

On September 15, 2026, the U.S. Senate voted on the Digital Asset Market Clarity Act and fell short of the 60 votes needed.
Center coverage notes the bill added ethics provisions to curb officials’ crypto profits, yet it still lacked Democratic support to pass.
John Thune said the bill splits oversight between the CFTC and SEC.
Elizabeth Warren called provision a fig leaf that won’t stop President Donald Trump earning profits.

Right

Banking groups protest

The U.S. Senate voted on September 15, 2026, on Digital Asset Market Clarity Act, falling short of the 60 votes required.
Republican Senate leaders issued a revised bill giving state attorneys general authority to limit officials’ crypto holdings and to calm stablecoin concerns.
Banking groups said the draft fails to allay fears stablecoin rewards could curb credit extension.
Crypto companies spent hundreds of millions campaigning to push the legislation forward.

History

Historical Context

After the 2008 crisis, Congress enacted the Dodd-Frank Act on July 21 2010, signing it into law with President Obama and granting the CFTC and SEC joint derivatives oversight while creating the CFPB. The 848-page law passed by a 60-39 vote set a precedent for split regulation, a framework now echoed in the Senate’s Digital Asset Market Clarity Act debate.

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Warren calls fig leaf

On September 15, 2026, the U.S. Senate voted on the Digital Asset Market Clarity Act and fell short of the 60 votes needed.
Center coverage notes the bill added ethics provisions to curb officials’ crypto profits, yet it still lacked Democratic support to pass.
John Thune said the bill splits oversight between the CFTC and SEC.
Elizabeth Warren called provision a fig leaf that won’t stop President Donald Trump earning profits.

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