Elliptic(@elliptic):🇺🇸 The CLARITY Act failed cloture 49-50, eleven votes short and one shy of a majority. Market structure stays with the SEC and the CFTC, to be worked out through rulemakings, litigation and no-action letters. The Bank Secrecy Act remains the obligation that makes an institution answer for every compliance decision it takes, including the ones its agents now take at agentic speed. Elliptic's Peter Phelan on what yesterday's vote changed and what it didn't:

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Elliptic@elliptic

2026.09.16 10:11

🇺🇸 The CLARITY Act failed cloture 49-50, eleven votes short and one shy of a majority. Market structure stays with the SEC and the CFTC, to be worked out through rulemakings, litigation and no-action letters. The Bank Secrecy Act remains the obligation that makes an institution answer for every compliance decision it takes, including the ones its agents now take at agentic speed. Elliptic's Peter Phelan on what yesterday's vote changed and what it didn't:

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