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10/01/2026

Crypto Industry Spends $8M on Failed Clarity Act Lobbying

What happened: The crypto sector spent over $13 million on federal lobbying in the first half of 2026, with $8 million specifically aimed at passing the Digital Asset Market Clarity Act.

Crypto Industry Spends $8M on Failed Clarity Act Lobbying

What happened: The crypto sector spent over $13 million on federal lobbying in the first half of 2026, with $8 million specifically aimed at passing the Digital Asset Market Clarity Act. Despite these efforts, the Senate failed to reach cloture on September 15, falling short by 11 votes (49-50) and stalling the bill. Top spenders included Coinbase ($2.2M), a16z ($1.5M), and Binance ($1.4M). The House had previously passed the bill, but ethical disputes around Trump-linked crypto interests became a sticking point in the Senate.

Why it matters: The failed push underscores the limits of industry lobbying, even with significant financial outlays. The Clarity Act was seen as a potential milestone for U.S. crypto regulation, and its defeat delays regulatory certainty for digital assets. The episode also highlights internal divisions within the Senate and the growing political complexity of crypto policy, as well as the pivot of industry advocacy groups toward direct campaign involvement for the 2026 primaries.

Source: CoinDesk