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ARTICLE · 18 SEPTEMBER 2026

Crypto Brief

Lowenstein Sandler LLP
Lowenstein Sandler LLP
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Lowenstein Sandler LLP

Lowenstein Sandler LLP

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The U.S. Senate's failed cloture vote on the Digital Asset Market Clarity Act has prompted a flurry of regulatory activity from federal agencies seeking to establish frameworks for cryptocurrency markets. In response, the SEC issued groundbreaking exemptions for tokenized securities trading, the CFTC extended relief to crypto wallet providers, and Congress advanced new tax legislation for digital assets.

United StatesFinance and Banking
Ethan L. Silver
Ethan L. Silver
William Brannan
William Brannan

Lowenstein Crypto advises leading digital asset and cryptocurrency projects, exchanges, and trading firms. Our practice covers regulatory advice, transactions and structuring advice, investigations, and adversarial matters including commercial disputes, bankruptcy, and related litigation. As these markets continue their rapid growth and market participants continue to evolve and mature their businesses, we are providing this weekly digest as a resource that highlights and summarizes a selection of key recent legal regulatory developments.

Senate Cloture Vote on Clarity Act Fails

On September 15, the Senate’s cloture vote on the Digital Asset Market Clarity Act (Clarity Act) failed to advance the Clarity Act in a 49-50 vote with one nonvote. At least 60 votes were required for the motion to pass. The day before, Sens. Cynthia Lummis, R-Wyo.; John Boozman, R-Ark.; and Tim Scott, R-S.C., released the proposed final substitute text of the Clarity Act ahead of the procedural vote

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