CLARITY Act talks resume as 7 Democrats seek revival
Seven Senate Democrats have reopened negotiations over the CLARITY Act after the chamber rejected cloture in a 49-50 vote, leaving the crypto market structure bill 11 votes short of the 60 required to begin debate. Coinme CEO and co-founder Neil Bergquist told crypto.news that reviving the bill could reduce uncertainty over token classification, but it would not remove the state licenses that digital asset companies must secure across the United States. The Senate rejected cloture on the motion to proceed with the Digital Asset Market CLARITY Act on Sep. 15. According to the official roll call, 49 senators supported the motion, and 50 opposed it, preventing the chamber from opening debate at that stage. Sens. Kirsten Gillibrand, Angela Alsobrooks, Cory Booker, Catherine Cortez Masto, Ruben Gallego, Mark Warner and Raphael Warnock voted against the motion. One day later, the seven Democrats issued a joint statement describing the result as “not the end” of their work on the legislation. Their statement pointed to two years of negotiations and pledged to continue working on a bipartisan basis. However, Democrats and Republicans remain divided over ethics provisions, including restrictions covering elected officials and digital asset ventures. CLARITY Act would leave state licensing intact Although the bill would set federal
