Senators say Clarity Act could return after Senate defeat

  • John Kennedy said the defeated Clarity Act could be revived in Congress.
  • The bill lost a Senate vote, with reconsideration potentially delayed until the term's lame-duck session.
  • Ted Cruz said political opposition could send cryptocurrency businesses and jobs overseas.

The Clarity Act could be revived after its defeat in a Senate vote, according to Republican Senator John Kennedy and Senator Ted Cruz. Kennedy said the result was not unexpected and that the bill was not fully dead, but Congress may need to wait until the lame-duck session at the end of the term to revisit it. Cruz said he hoped lawmakers would bring the measure back, arguing that Democrats were blocking it for political reasons and that the impasse could drive cryptocurrency businesses and jobs overseas. Eleanor Terrett, host of the Crypto in America podcast, reported Kennedy's comments on September 15.

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