The Digital Asset Market Clarity Act (CLARITY Act) officially failed to secure the required 60 votes during a procedural vote in the U.S. Senate, halting months of bipartisan negotiations and dealing a severe blow to efforts to establish a comprehensive federal regulatory framework for the U.S. crypto industry.
On May 2, 2026, a bipartisan compromise on the Clarity Act was officially released, resolving the most contentious debate between Silicon Valley and Wall Street: the question of stablecoin yield.