Wall Street financial firms are expected to keep expanding their digital-asset businesses whether or not the U.S. Senate advances the CLARITY Act. Passage would give banks, brokerages and asset managers clearer guidance on whether digital assets fall under securities or commodities rules and how they may be traded, potentially accelerating blockchain investment and tokenized-product launches. Chris Crawford, a partner in Fenwick’s digital assets practice, told CoinDesk on Sept. 14 that the legislation would significantly support adoption but is not essential for it. Brian Bedell, a senior research analyst at Siebert Financial, said firms already have economic incentives to pursue product launches and tokenization efforts aimed at 2027 and 2028, and some could move faster if the bill stalls. The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are pursuing crypto-related rulemaking separately from Congress. Robinhood has urged bipartisan support for the bill, citing innovation and consumer protection. Ryan Rasmussen, a research analyst at Bitwise, said a Senate decision would have limited impact on professional investors and large platforms that already hold Bitcoin. A procedural vote is scheduled for Sept. 15; the bill needs 60 votes to advance, while disagreements over ethics provisions involving public officials’ crypto interests and stablecoin compensation remain late-stage obstacles.