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Crypto

U.S. crypto industry shifts strategy after Clarity Act fails, targets Senate elections

The U.S. cryptocurrency industry is shifting its focus from persuading lawmakers to intervening in elections after Senate legislation stalled. Coinbase-founded advocacy group Stand With Crypto released its first list of endorsed Senate candidates, backing Republicans in Ohio and Iowa and Democrats in New Hampshire. It said endorsements are based on candidates’ crypto policies, not party. Fairshake PAC launched a $30 million campaign targeting Sherrod Brown as overall crypto political spending nears $200 million.

Crypto

Crypto industry signals election spending push after Clarity Act stalls

After the U.S. Senate blocked the digital asset market-structure bill known as the Clarity Act, the crypto industry may sharply expand political spending ahead of the 2026 U.S. midterm elections. Industry political action committees appear to be focusing on election strategy, including plans by the Coinbase- and Ripple Labs-backed Fairshake. The vote is seen as pivotal for the 2027 legislative environment, although immediate post-vote spending disclosures were not confirmed.

Crypto

U.S. Senate rejects Clarity bill, bitcoin falls 3 percent

The U.S. Senate blocked the Clarity bill from advancing to debate, dealing a blow to the crypto industry’s push for comprehensive market-structure legislation. In a procedural vote on Sept. 15, the measure drew 50 votes in favour and 49 against, short of the 60 needed. Bitcoin fell 3 percent, while Coinbase and Circle shares dropped 8 percent and 10 percent. The bill would set a regulatory framework and split oversight between the SEC and CFTC.