According to Patrick McHenry, former chair of the House Financial Services Committee, the crypto industry missed an opportunity to secure regulatory clarity by failing to accept viable compromises and push forward comprehensive regulatory legislation.

The Digital Asset Market Structure and Investor Protection Act (CLARITY Act) passed the House in 2025 with 294 votes in favor and 134 against. However, it failed a procedural vote in the Senate on September 2026 with a 49-50 count. Following the 2026 midterm elections, Democrats gained control of both chambers, changing the bill's prospects.

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