Odaily News: Tim Scott, Chairman of the U.S. Senate Banking Committee, stated on X that nearly all Senate Republicans voted in favor of advancing the CLARITY Act, but the motion failed to pass due to opposition from Senate Democrats.

Odaily News: Bitcoin analyst Willy Woo posted on X that after the CLARITY Act's Senate procedural vote failed, cumulative volume delta across exchanges showed Coinbase's CVD accelerating downward to approximately negative 6,659 BTC, reflecting selling by U.S. investors, while Binance's CVD rebounded from lows to approximately negative 5,841 BTC.

He believes the more dominant offshore market is still accumulating, and described this divergence as bullish. During the same period, Bitcoin pulled back from a high of $80,560 and briefly dropped to $74,968; Bybit, OKX, and Bitstamp's CVD stood at approximately negative 582, negative 1,135, and negative 764 BTC, respectively.

PPP prediction market tool monitoring shows that on Polymarket, the probability of "CLARITY Act signed into law in 2026" has fallen to 5%, down 12% in 24 hours.

This morning, the U.S. Senate held a procedural vote on cloture for the CLARITY Act, which ultimately failed with 49 votes in favor and 50 against (far below the 60-vote threshold, and not even reaching a simple majority). All Democrats and independents present voted against it, and 4 Republican senators (Susan Collins, Josh Hawley, Jerry Moran, Thom Tillis) also voted against it; Democratic Senator Chris Coons did not vote. It is reported that some senators proposed a motion to reconsider, preserving the possibility of revisiting the matter later.

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Odaily reports that a16z partner Chris Dixon posted on X regarding the CLARITY Act's failure to pass a procedural vote in the U.S. Senate, stating that despite disappointment with the vote outcome, the fundamentals of the crypto industry remain stronger than ever.

Dixon said that billions of dollars are now flowing on-chain, leading payment companies and financial institutions are adopting blockchain technology, and entrepreneurs worldwide are developing new financial products. a16z's related work in Washington is far from over, and it will continue to push for clear regulatory rules that both protect consumers and support entrepreneurs' development.

Odaily News: Jake Chervinsky posted on X that the U.S. Senate did not pass the crypto regulatory bill Clarity Act, but proponents did not compromise on principles during 18 months of research, negotiation, and revision, insisting that it is better to have no bill than a bad bill. He stated that due to political maneuvering in an election year, a good deal was difficult to reach, but the crypto industry can still function without the Clarity Act, and the U.S. SEC and CFTC possess the authority and expertise needed to regulate the crypto market. Jake Chervinsky believes that the discussion on crypto regulation has only just begun, and there remains room for future policy prospects.

Odaily Report: Ripple CEO Brad Garlinghouse posted on X regarding the CLARITY Act's failure to pass a procedural vote in the U.S. Senate, stating that the outcome is disappointing. The Ripple team and the crypto industry invested significant effort in pushing for the bill's passage, but ultimately fell short.

Garlinghouse stated that the U.S. crypto industry still has reason to remain optimistic, as the SEC and CFTC will continue to develop relevant rules to fill the legislative gap left by the CLARITY Act's failure to advance, and Ripple will continue to participate in the rulemaking process. He also stated that this voting failure will not change Ripple's business momentum, global expansion, or customer demand.

Odaily reports: U.S. Senator Cynthia Lummis, one of the main drafters of the CLARITY Act, issued a statement after the bill failed to advance, accusing Senate Democrats of "never truly being serious about protecting consumers and preserving American leadership."

Lummis said that over the past year she had been negotiating with Democratic lawmakers, but after Republicans met their demands, Democrats kept raising new ones and "constantly moving the goalposts." She said Democrats voted that day against restricting political figures' personal crypto investments, and also against protecting consumers from the scams and fraud the bill was intended to target.

Lummis further accused Democrats of "choosing politics over the American people," arguing that the move cedes America's leadership in digital assets to overseas competitors and could push some crypto businesses to relocate abroad. She also leveled a series of criticisms at Democrats, including being "anti-consumer, pro-illegal finance, and anti-business freedom."

Odaily News: According to MSX data, at the US stock market close, crypto-related stocks fell broadly, with Circle dropping over 11%, Coinbase dropping over 10%, Bitmine dropping over 8%, Strategy dropping more than 5%, and Robinhood dropping over 3%.

On the news front, the US Senate held a procedural vote on Tuesday on the Digital Asset Market Clarity Act (CLARITY Act), which ultimately failed to advance with 49 votes in favor and 50 against.

Odaily Report: Brian Armstrong posted on X platform that the CLARITY Act failed to advance in the Senate today, which is disappointing. Bipartisan dialogue may continue, and the bill could be reintroduced in the future, but we can no longer wait for Congress. The SEC and CFTC can establish clear rules under existing authority, and he expects both agencies to begin seriously advancing this work, so regardless, cryptocurrency regulatory clarity will come.

Brian Armstrong stated that the GENIUS Act has become the current law in the stablecoin space, with more lenient provisions on rewards. He said that relevant teams made some unacceptable concessions in the CLARITY Act, so the bill's failure to advance may be the best outcome. Cryptocurrency cannot be eliminated, and as regulators gradually clarify the rules, relevant parties will continue to push for updates to the financial system.

Odaily News: U.S. Democratic Senator Elizabeth Warren stated that she still hopes to push a crypto regulatory bill into law, but does not support the current version of the Clarity Act.

Warren said the Clarity Act is Washington's first opportunity to achieve "meaningful crypto regulation," but any bill must include several core elements: regulating public officials' crypto investments, protecting national security and consumers, and strengthening the fight against illicit finance and terrorist financing.

Her stance could become more critical next year. If Democrats regain control of the Senate after the November election, Warren could become chair of the Senate Banking Committee, one of the key bodies for digital asset regulatory legislation. The article notes that Kalshi prediction markets currently show a 52% probability of Democrats retaking the Senate.

When asked whether she would lead crypto legislation if she headed the Banking Committee, Warren said she would be willing. She said she is willing to sit down with Democrats, Republicans, and the industry to craft a crypto bill that protects national security, protects the economy, and reduces corruption.

Odaily News: A Fox Business crypto reporter posted on X that U.S. Senator John Kennedy said he was "not surprised" by the failure of the Clarity Act vote, but does not believe the bill is dead. John Kennedy stated that Democratic colleagues understand the need to establish a crypto market structure that appears to have been intentionally designed, but the related work will have to wait until the lame-duck session.

U.S. Senator Ted Cruz, citing the film The Princess Bride, said there is a big difference between the bill being "dead" and "mostly dead," and expressed hope that it can be brought back to life. Ted Cruz blamed Democrats for the failed vote, saying they are "playing politics" and driving crypto industry activity and jobs overseas.

According to Odaily, a Fox Business crypto reporter posted on X that several Democratic senators, including Gillibrand, Warner, Booker, Warnock, Gallego, and Cortez Masto, all voted against the Clarity Act. These senators had been involved in negotiations over the bill for months, and attention is now on Sen. Alsobrooks' vote.

According to Bitcoin Magazine monitoring, the U.S. Senate failed to pass the Clarity Act in a procedural cloture vote.

Odaily News: The U.S. Senate failed to advance the CLARITY Act, as the motion to end debate did not reach the required 60 votes; the roll call vote is still ongoing, with the current tally at 47-47.