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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

SEC, CFTC step up crypto rulemaking after Clarity bill stalls in U.S. Senate

After the Clarity bill, a comprehensive U.S. crypto regulatory proposal, stalled in the Senate, federal regulators accelerated efforts to update rules using existing authority, CNBC reported. The SEC issued an order outlining a temporary path to allow some tokenised stock trading, while the CFTC sent a crypto rule proposal for White House review. Industry figures and lawmakers urged clearer rules, as state-federal tensions over regulatory authority intensify.

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.